Former Atlanta broker gets 6 years in prison for fraud - Atlanta Business Chronicle:

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The 48-year-old Atlanta resident also mustpay $878,100 in restitution. He was sued previouslty by the U.S. Securities and Exchange which obtained a judgment against Barton and his formerd investment firms for morethan $4 milliobn in penalties and disgorgement of profits, as well as variou s injunctive and other relief. From at leasrt 1995 through 2002, Barton was a manager at an Atlants branch of the national brokeragefirm , based in St. Louis. Afterf he was fired from A.G. Edwards in he began his own investment advisory LLCand LLC, both based in From at least 2001 through 2007 -- beforee and after leaving A.G.
Edwards -- Bartobn fraudulently diverted to himself client fundd that he was entrustedwith investing. In Barton defrauded a 90-year old Alzheimer's identified in court by her initials, After learning of RF's diagnosis in Barton fraudulently diverted morethan $1 million of RF'ws assets to his own checking account, which he spent on personal lifestyle expenses and to fund the developmenrt of Twinspan Capital. As a result, the balance in RF' investment and bank accounts fell fromapproximately $1.3 million in 1999 to less than $100 in 2004.
In additionn to diverting client money from RF and at leastr oneother client, Barton committed securitieas fraud by selling shares in his new company, Twinspan, base d on false pretenses. Specifically, he raised more than $1 millioh in investments in Twinspan by claiminh he would use the proceeds to operate and growthe business. he instead diverted at least half of thesde supposed investmentsto himself, which he used to satisfgy personal debts and pay personal lifestyls expenses. Barton was indicted in December 2008. He pleaded guiltyu in March 2009.