Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Jury Selection Underway for Adviser Accused of Swindling

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Jury Selection Underway for Adviser Accused of Swindling

Article excerpt

Jury selection has begun in the federal case of an Indiana County financial adviser accused of stealing $1.2 million from his investors to pay his mortgage and other expenses.

Bernard Parker, 55, who ran Parker Financial Services from his house in Indiana, was indicted in 2015 on charges of securities and mail fraud in ripping off 22 customers.

He was targeted by a federal grand jury and a related complaint brought by the U.S. Securities and Exchange Commission.

The FBI, IRS and U.S. postal inspectors said that from 2008 through 2014, Mr. Parker enticed his customers to enter "contracts" in which they would buy "tax lien certificates" for real estate in Florida, Arizona and Colorado. Those contracts and other investment products he sold were not registered by the state of Pennsylvania or by the SEC, according to the charges. …

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