Coast investment broker accused of stealing from clients - WLOX.com - The News for South Mississippi

Coast investment broker accused of stealing from clients

OCEAN SPRINGS, MS (WLOX) -

An Ocean Springs investment broker is accused of stealing more than a million dollars from clients.

A federal indictment accuses Eduardo G. Diaz of scheming to defraud money and property from investors in Harrison and Jackson Counties over the past three and a half years. The indictment alleges that instead of investing clients’ money Diaz secretly converted their money for his own use and enjoyment.

Read the full indictment here: http://shout.lt/bg6JQ

Diaz is also accused of using new money from new investors to pay dividends to others perpetuating the scheme and deceiving clients into thinking their money was properly invested.

Diaz is free on $25,000 bond until trial which is set for December 7, 2015.

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