With several years under his belt of peddling bogus bonds, Jeffrey Southard of New Jersey is a master of illusion. But one thing is for real: He’ll spend 97 months in federal prison for his crimes. Most recently, he was convicted and sentenced for his role in a $1.8 million fraud scheme selling non-existent securities. Southard was suspended from Ameriprise in 2003. He was barred by the New Jersey Bureau of Securities barred him for theft from elderly clients in 2008. GunnAllen also investigated Southard in 2008 for sale of non-existent investments. Perhaps a few years behind bars will break him of his lying, cheating ways. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091123/FREE/911239991/1094/INDaily01
