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Former president of NAPFA, local FPA chapter charged in fraud scheme

May 22, 2009 :: Posted by Tony Ondrusek, Publisher
Filed under: Tools of the Trade.

Tony Ondrusek, PublisherTony Ondrusek, Publisher

The former head of the National Association of Professional Financial Advisors (NAPFA) and a local Financial Planning Association (FPA) chapter has been accused in a $1.2 million fraud and kickback scheme, according to the Appleton Post-Crescent in Wisconsin. A story in the Milwaukee Journal-Sentinal goes into more detail.

The website for James E. Putnam, CFP, states that he is past-president of the National Association of Personal Financial Advisors (NAPFA) 1996-1997, NAPFA Board 1995-1996, and co-Founder and first president of the Northeast Wisconsin Chapter of the International Association for Financial Planning (IAFP) – now the Financial Planning Association.

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This entry was posted on Friday, May 22nd, 2009 at 1:17 pm and is filed under Tools of the Trade. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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