Feds charge Worcester investor James Couture with defrauding investors of $2.8 million
A Sutton man who ran a Worcester investment firm defrauded clients of nearly $3 million by creating fictitious accounts and paying clients with funds from other clients, the FBI and U.S. Securities and Exchange Commission allege. James K. Couture, 42, is facing both civil and criminal actions in federal court, records show, and has signed a plea agreement on charges of wire fraud and aggravated identity theft. The FBI alleges in court documents that Couture perpetrated the fraud through an investment advisory services firm he created, The Private Wealth Management Group LLC, as well as a...