Jacqueline Stanfill Indicted For Fraud And Money Laundering Charges
KNOXVILLE, Tenn. -- Jacqueline J. Stanfill, 58, of Knoxville, Tenn., was arrested today in Knoxville by agents of the Federal Bureau of Investigation (FBI) and the Internal Revenue Service (IRS). Trial was set for September 30, 2015, before the Honorable Leon Jordan, Senior U.S. District Court Judge.
In July 2015, a federal grand jury returned a six-count indictment against Stanfill alleging wire fraud, mail fraud and money laundering. According to the indictment, which is on file with the U.S. District Court Clerk, she allegedly defrauded individuals by inducing them to provide her with funds for investment with Charles Schwab and Co. Instead of investing the funds with Schwab, she converted the money to her own personal use. Stanfill was the owner and operator of Stanfill Wealth Management in Knoxville.
The investigation, which led to the indictment of Stanfill, was conducted by the FBI and IRS. Assistant U.S. Attorney Frank Dale represents the United States.
Members of the public are reminded that these are only charges and that every person is presumed innocent until his or her guilt has been proven beyond a reasonable doubt.