M. William Potts III, a former FBI supervisor in charge of investigating white-collar crime, was employed most recently by Jelmoli Holding Inc.
U.S. Attorney Michael Sullivan said that between April 2000 and November 2000, Potts wrote 20 checks totaling $1.5 million on Jelmoli's bank account but he used the money to satisfy securities margin calls on his own personal securities accounts.
Potts is to be sentenced Nov. 3 and faces a maximum of five years in prison followed by 3 years supervised release and a $250,000 fine.
Couple mistakenly served bag of cash at McDonald's drive-thru
Kate Middleton recycles dress at movie premiere