Easley Investment Advisor Proclaims Innocence

An Easley investment advisor who is accused of misappropriating around $1 million of other people's money says he promised too much and made some mistakes, but isn't a criminal.

The U.S. Commodity Futures Trading Commission has charged Harrison with commodity pool fraud for alleged misuse of investor funds and misrepresentation of returns from his investments. A federal judge has frozen assets under Harrison’s control and ordered him to preserve records for the commission’s review. Harrison has said he immediately turned over all records. He does not yet have legal representation, he said.

In a story published by GSA Business, Harrison said he "overstepped his bounds," but did not defraud clients.

“I made some bad business decisions, no doubt about it, but as far as me trying to perpetrate some kind of fraud, I did not do that,” Harrison told the paper. “I know I promised too high of a return. I am trying to rectify this.

“My records are going to show that there has been no transfer of funds to the exotic islands. I have bought no extravagant cars,” he said. “This was my source of income, so my personal expenses were coming out of this … but nothing extravagant. All of the records show that.”

Harrison said that, at a minimum, he intends to repay investors their principal.

CLICK HERE to read the entire article.