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Former stockbroker Jeremy Hare pleads guilty to $400K fraud

September 28, 2018 GMT

By Staff

Jeremy Hare, a banned Philadelphia stockbroker who reinvented himself as the president of a staffing company, pleaded guilty on Friday to an invoice scam that defrauded a California commercial lending firm of more than $400,000 in 2017, the U.S. Attorney for New Jersey, Craig Carpenito, announced.

Hare, 47, appeared in Camden federal court before U.S. District Judge Renee Marie Bumb, pleading guilty to wire fraud. Scheduled for sentencing on Jan. 4, Hare faces a maximum 20-year prison term and $800,000 fine, according to a plea agreement.

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