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Leading Off (1/28/21) - D Magazine

Leading Off (1/28/21)
Want to see what 1,950 pounds of drugs looks like?
By
Kathy Wise
Published in
FrontBurner
January 28, 2021
6:43 am
Former Dallas Financial Adviser Faces Felony Chargers. Sarah Helen Hancock, who had her license revoked five years ago, was indicted by a Dallas County grand jury last week for theft, misappropriation of fiduciary property, and securities fraud. The 61-year-old is charged with taking money from clients’ accounts and putting it into her own business account where it “would all but evaporate.” One account, with a listed portfolio value of $1.6 million, only contained $24,000. After the Texas State Securities Board revoked Hancock’s license for collecting “money from clients in amounts that far exceeded what those clients were contractually required to pay” from 2007 to 2015, Hancock started an interior design and remodeling company. Meanwhile, back in 2010, her 1,610-square-foot, one-bedroom Highland ....

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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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