CAPE CORAL, Fla. – A former financial advisor in Cape Coral was sentenced to five years in prison for defrauding clients.
David Rockwell, 45, was sentenced to five years in federal prison for wire and bank fraud, according to the Department of Justice. The court also entered a money judgment of $1,018,000, the proceeds of his wire and bank fraud. Rockwell pleaded guilty on Jan. 14.
Rockwell managed investment and retirement accounts for his clients, according to court documents. Prosecutors said he started defrauding clients and misappropriating his clients’ funds for his own purpose....