Sutton financial adviser, accused of $2.8 million fraud, held on witness tampering charge

WORCESTER — A Sutton financial advisor accused by two federal agencies last year of bilking millions from clients in a scheme in which he produced fake account statements has been arrested again for allegedly creating more fake account statements in a bid to tamper with a witness.

James K. Couture, who was 42 as of his original June 2021 indictment, is currently being held without bail in federal prison as a judge mulls whether to release him, records show.

Couture was indicted by the Department of Justice, as well as sued civilly by the U.S. Securities and Exchange Commission, last June on allegations he stole nearly $3 million from clients over a decades-long scheme.

Prosecutors charge that Couture, while working for a national financial services company they did not name, convinced some of his clients to transfer assets to a separate company he created called Legacy Financial LLC.

Read more: https://www.telegram.com/story/news/courts/2022/02/03/sutton-financial-adviser-james-couture-accused-2-8-million-fraud-held-witness-tampering-charge/9312871002/
(Worcester Telegram & Gazette)