Former Dallas financial adviser who lost license over 'gross

Former Dallas financial adviser who lost license over 'grossly excessive' fees now faces felony charges


Former Dallas financial adviser who lost license over ‘grossly excessive’ fees now faces felony charges
A grand jury has indicted Sarah Helen Hancock, who state regulators said put her clients’ money in a business account where it “would all but evaporate.”
File photo.(LM Otero / AP)
A former Dallas financial adviser has been indicted on criminal charges nearly five years after a state agency revoked her license, saying that she took “grossly excessive” amounts of money from her clients’ accounts.
A Dallas County grand jury handed up the indictments last week against Sarah Helen Hancock, 61, on one count each of theft of more than $300,000, misapplication of fiduciary property of more than $300,000 and securities fraud of more than $100,000. Each charge is a first-degree felony.

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