Evans, an unlicensed financial planner, met with Ann Gilmore, a prospective investor, to review…

Evans, an unlicensed financial planner, met with Ann Gilmore, a prospective investor, to review her investment portfolio and to recommend a placement for the $100,000 that Gilmore recently inherited. He recommended that she invest $100,000 in certain mutual funds. She agreed and made out a check to Evans as he requested. In turn, he agreed to invest the money in the mutual fund company and send the company the $100,000. Evans never intended to invest the money. Instead, he used the money personally to pay bills and to purchase a new car. What crime has Evans committed? Explain.

 

 

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