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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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