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Justice Dept.: Florida Financial Advisor Charged With Promoting Illegal Tax Shelter, Stealing Clients' Funds and Money Laundering
September 28, 2024
WASHINGTON, Sept. 28 -- The U.S. Department of Justice issued the following news release on Sept. 27, 2024:

A federal grand jury in Gulfport, Mississippi, returned an indictment, unsealed yesterday, charging a Florida financial advisor with a years-long scheme to promote and operate an illegal tax shelter, stealing some of his clients' funds and money laundering.

According to the indictment, Stephen T. Mellinger III, of Florida, was a securities broker, financial adviso . . .

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