#MONEYGURU LEGIT OR NOT FULL#

Breard was an independent contractor for ING Financial Partners and worked through her business Breard & Associates Wealth Management - both of which are defendants in the civil complaint filed by James and Shelley Heath. The Seattle Times reported that Breard tried to sell a 'huge' amount of 'new and apparently unworn' silver and gold jewelry two weeks before she was arrested. She must get court approval to spend more than $500.

#MONEYGURU LEGIT OR NOT FULL#

Breard not dispose of any assets while the investigation into the full scope of the fraud continues.'īreard, who faces 20 years in prison and a $1 million fine in convicted of the single count of mail fraud, was released from custody and ordered not to sell any assets.

We will ask the court to impose a condition that Ms. 'We are aggressively trying to learn information about her clients and assets, and we want any assets preserved for victims in this case. 'Investigators are still determining the extent of the fraud,' U.S. Prosecutors say Breard, who built a large client base through 'Help Me Rhonda' financial advice spots on local TV and radio stations, took more than $8 million from at least 20 investors.īreard mailed phony statements to her clients and kept the money for herself, charging documents say. The investors say co-defendant ING Financial Partners was 'asleep at the switch,' and that 'Breard had a checkered history with securities regulators, having been fined on several occasions for misconduct, suspended on at least one occasion, and fired from another brokerage for misconduct.'įederal prosecutors charged Breard with mail fraud and arrested her Friday. Investors also sued Rhonda Breard in a civil complaint. SEATTLE (CN) - An 'investment guru' known for her 'Help Me Rhonda' TV and radio ads stole millions from clients to buy 'three multimillion-dollar houses, numerous cars, boats, jet-skis and a large stockpile of expensive jewelry,' federal prosecutors say.

Moneyguru legit or not