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Local News

Bend Financial Advisor Charged with Fraud


The State of Oregon calls it a $1.9 million fraud case involving a Bend financial advisor, who allegedly took clients money for many years. Officials with the Oregon Department of Consumer and Business services say Jacqueline Atkinson of Bend defrauded clients almost $2 million over a 17 years. They issued a cease-and-desist order and fined Axa advisors $75,000 for failing to supervise its former registered representative,  Jacqueline Atkinson. The State says from 1989 to 2006, Atkinson sold fictitious investments with promised guaranteed rates of 6% to 10%. But in reality, Atkinson deposited client funds into her bank account and kept the money.  “The unfortunate thing in this case is that a lot of the victims were elderly and many of them knew Ms. Adkinson, so there was a trust there.”  State spokesperson Melanie Mesaros says as part of the order, Axa agreed to compensate clients and make them whole.

 

 

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