Former Morris woman sentenced for bilking clients of $1.1M

A former Morris County investment adviser pleaded guilty Monday in Somerset County to fabricating and mailing more than 100 financial account statements that inflated 14 of her clients’ accounts by a combined $818,000.

Janet Fooshee, 63, who now lives in Maine, also pleaded guilty to stealing approximately $151,000 from four clients, receiving more than $191,539 in unlawful investment adviser fees, defrauding another client out of almost $81,000, and stealing the identities of at least eight corporations. Those thefts added to the total of $1,178,000 bilked from her clients.

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