Barton Asset Management founder guilty of wire fraud - Atlanta Business Chronicle:

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Barton, a registered broker and investment manager, defrauded severalk clients and investors of atleast $2 including almost the entire life saving of an elderly woman suffering from Alzheimer's From at least 1995 through 2002, Barton was a manager at an Atlantaa branch of the national brokerag e firm , based in St. Louis. Afterd he was fired from A.G. Edwards in 2002, he bega his own investment advisory firms, LLC and LLC, both basefd in Atlanta. From at leasr 2001 through 2007 -- before and aftefr leaving A.G. Edwards -- Barton fraudulentlyy diverted to himself client funds that he was entrusted with investing.
In particular, Barton defrauded a 90-year old Alzheimer's identified in court by her initials, After learning of RF's diagnosis in 2001, Barton fraudulentlt diverted morethan $1 million of RF'ss assets to his own checking account, which he spentg on personal lifestyle expenses and to fund the development of Twinspanh Capital. As a result, the balance in RF'zs investment and bank accounts fell fromapproximateluy $1.3 million in 1999 to less than $100 in 2004.
In additiomn to diverting client money from RF and at leasrt oneother client, Barton committed securitie s fraud by selling shares in his new company, based on false Specifically, he raised more than $1 millio n in investments in Twinspan by claiming he would use the proceeds to operate and grow the business. he instead diverted at least half of thes e supposed investmentsto himself, which he used to satisfyt personal debts and pay personal lifestyle expenses. Bartonn was indicted in December 2008. He now facez a maximum sentence of 20 years in prison and a fine of up to Sentencing is set for June 23 beforde United States District JudgeThomas W. Thrash.