Financial advisor indicted for swindling money from elderly Peterborough investor

Monday, December 04, 2017 4:33PM

A former financial advisor from Bedford was indicted last month for allegedly swindling money from an elderly client who lives in Peterborough.

Karen A. McKinley, 53, is facing seven counts of theft by unauthorized taking and four counts of financial exploitation in connection with the handling of her elderly client’s bank and brokerage accounts. McKinley is also facing one count of falsification of physical evidence for a document that she allegedly submitted to the state during the investigation in an attempt to divert authorities from her trail.

The alleged crimes took place between early 2013 and early 2016 while McKinley was employed at a firm in Manchester, according to a news release sent by the state’s Attorney General’s office. 

Each of the theft and financial exploitation of the elderly charges carries a maximum penalty of 10 to 30 years in prison and a 44,000 fine. The falsification of physical evidence charge carries a penalty of 7 years in prison and a $4,000 fine.

McKinley will be arraigned in Hillsborough County Superior Court North on Dec. 15 at 9 a.m.