Former financial advisor pleads guilty to fraud

Bruce Harada

A former financial adviser with ING pleaded guilty to securities fraud and money laundering on Tuesday.

Bruce Harada apparently managed the deferred compensation accounts for 21 city workers and made $2.5 million for himself over a five-year period.

He pleaded guilty as charged and will be sentenced in January.

Harada faces up to 30 years in prison when he is sentenced.

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