A former Altoona-based financial adviser is scheduled to be sentenced in late August for defrauding his clients. Michael Shillin pleaded guilty Monday to one count of wire fraud and one count of bank fraud as part of a plea deal. W-L-A-X/T-V reports that eight other charges will be dismissed as part of the agreement. Shillin was accused of falsely telling clients he’d purchased stocks for them and netted them hundreds of thousands of dollars, and he was accused of defrauding a bank by using a client’s information to take out loans worth 450-thousand dollars.
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