Onetime Rittenhouse Sq. resident Brenda Smith, who promised double-digit gains for her perfectly-heeled investors, on Thursday admitted to orchestrating a $100 million securities fraud.
Smith, 61, who was dwelling in a penthouse apartment in Heart Metropolis at the time of her 2019 arrest, pleaded guilty by online video-meeting prior to U.S. District Decide Madeline Cox Arleo to an indictment charging her in essence with stealing clients’ money. The depend to which Smith pleaded responsible carries a most penalty of 20 several years in jail and a $5 million fantastic.
Smith founded Broad Access Money, an investment decision hedge fund, in