Martin James Stover, a former investment adviser, was charged with theft, fraud, and obstructing a police officer in relation to funds provided by two former clients, Harry and Cheryl Whitehead and Peter Voight.
The court found that Stover fraudulently took $150,000 from the Whiteheads and $75,000 from Voight, neither of which was returned or properly accounted for.
Stover’s explanations were found to be implausible and evasive, and his conduct toward the investigating officer was found to be obstructive.
The court convicted Stover of two counts of fraud and one count of obstructing a police officer, staying the theft charges pursuant to the Kienapple principle.
