Trusted Advisor Accused of $17M Fraud Scheme to Fund Lavish Lifestyle

Gladwyne investment adviser charged with misappropriating more than $17M

A Gladwyne man has been charged in connection with an alleged $17 million fraud, a federal procuress announced Friday afternoon.

Owner, president of Rubicon Wealth Management in Blue Bell charged with defrauding $17M from his clients - Around Ambler

Scott Mason, owner, president, and investment adviser at Rubicon Wealth Management in Blue Bell for nearly 30 years, had fraud charges filed against him by federal prosecutors on Friday, January 17, The Philadelphia Inquirer reported. According to the story, Mason, 66, of Gladwyne, “took money from clients’ accounts to finance his Main Line lifestyle and lied when they asked where he had placed their millions.” The government says that he defrau…

Trusted Advisor Accused of $17M Fraud Scheme to Fund Lavish Lifestyle

PHILADELPHIA, PA — Federal authorities have announced charges against Scott Mason, a 66-year-old investment advisor from Gladwyne, Pennsylvania, for his alleged involvement in two fraudulent schemes that misused over $17 million in client funds. According to the criminal information filed by the United States Attorney’s Office, Mason, through his advisory firm Rubicon Wealth Management LLC, allegedly misappropriated funds from 13 clients between…