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Ohio Advisor Embezzled 401(k) Funds, Ran Ponzi Scheme: DOJ
October 13, 2026 at 11:37 AM
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What You Need To Know
- Seku Shabazz, an investment advisor rep, carried out a series of interrelated frauds, according to the Justice Department.
- Shabazz withheld employee 401(k) contributions and failed to make matching payments, DOJ said.
- He is accused of misleading and lying to investors to obtain more than $1.2 million and using the money to fund his lifestyle.
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