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Local financial planner sentenced for identity theft

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A former financial planner at the Indianapolis offices of Northwestern Mutual and One America-American United Life was sentenced Tuesday to two years in federal prison after pleading guilty to identity theft.

Andrew W. Myers "abused his position as a financial planner to steal personal identifying information from the client files of approximately 3,000 individuals from Northwestern Mutual and AUL," the U.S. Attorney's Office said.

Myers used some of that personal information in an elaborate scheme to steal thousands of dollars, investigators said.

U.S. District Judge William Lawrence also sentenced Myers, 33, to three years of probation and ordered him to make restitution in the amount of $48,488.

Myers was arrested in August 2011 after an investigation by Carmel and Fishers police and the United States Postal Inspection Service found he had stolen personal information from a number of his clients and used it to create identity profiles. According to investigators, he utilized those profiles to open bank accounts and obtain credit cards and ATM cards that he used to make purchases or receive cash.

He also filed change-of-address notifications for his victims with the post office and had their mail routed to post office boxes or vacant foreclosed homes in the Indianapolis area where he could retrieve the mail.
   
After his initial arrest, Myers was charged in state court and released on bond. While out on bond, he stole additional identifying information of other individuals and used it to create new credit accounts. Investigators said he charged about $30,000 to these accounts, including a trip to Los Angeles, where he attended a party at the Playboy Mansion.
 

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  • Im with Reddog!!!!
    Ive heard stories about this guy and Im with reddog... Its MovieTime!!! Nevermind Frank Abegnale with something he did in the 50's I would like to see the modern day "catch me if you can from indy"..
  • Great Guy who made a bad decision!!
    Cant believe the people who actually post about someone they dont really know. Is your life that pathetic! My advice would be to check your own inventory and look at yourselves because you obviously dont know this person if your making the comments.
  • Northwestern Mutual
    Northwestern Mutual sent out letters to his clients, after the fact, offering up fraud protection...after the crap hit the fan. I was a Northwestern Mutual customer. He sold life insurance.
  • Dont always believe what you read!!
    Just another example of the US goverment making it more then what it is
  • Re
    What do you expect when he studied Tim Durham!Look at Mitch Daniels helping himself and refusing to give back ill gotten gains from Tim's "donations" of stolen money to him! Look at all those trades on IPL stock! He's worth almost $100M now! White collar crime pays! To violate all those people, committing felony theft and get only two years which means about 6 months int he county jail--what is the disincentive? Seven years of turning Durham in, four years of non-stop coverage on Durham by IBJ and yet look at all the other losers who reaped millions from him and not one of them charged criminally. Theft by pen is so easy to do in good old Indy.
  • Financial Scammer
    First, I am highly doubtful that this scumbag moron was a financial planner. I don't find him listed in either the FINRA BrokerCheck, nor the SEC Investment Adviser Rep databases. If I had to guess, he was a licensed insurance salesman peddling whole life and variable annuity insurance. If that's the case, he would have had more in common with a used car salesman than a financial planner. Calling him a financial planner is likely good for driving up website traffic, but probably factually inaccurate. Maybe a good investigative reporter can check it out? Second, why are we only now hearing about this massive identity theft? It's been over a year since this occurred. With such a large amount of identities stolen, one would think that there would have been public notification from OneAmerica, Northwestern Mutual, the Indiana Secretary of State Securities Division, Indiana Department of Insurance, or the Indiana Attorney General. Maybe I'm missing it, but my internet searches are coming up blank.
    • Fiancial Planner
      I see shawshank redemption II will start production soon. Soooeeee
    • Planner or salesman?
      Was he really a financial planner? Does he hold the Certified Financial Planner designation? Looks like he worked for life insurance companies and was a salesman.
    • What a scum!
      2 years is way too short. This is the person who is trusted with people's lives and he abused it - not Bernie Madoff, but same character. Shame!
    • Way to go...
      Having worked in the financial services industry for 5 years, mostly on the sales side, this situation doesn't help the already questionable reputation of industry. I heard all too often from insiders and prospective clients that these issues really hurt everyone. Way to go dude for throwing the industry and your company under the bus!

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