Alabama Man Sentenced to 5 Years in Fraud Case - ABC News

Alabama Man Sentenced to 5 Years in Fraud Case - ABC News: "An Alabama man who ran a financial services company in Baton Rouge was sentenced Thursday to five years in prison for a securities fraud scheme in which more than 150 clients lost tens of millions of dollars after they retired.

Before his sentencing, David McFadden, 62, of Orange Beach, Ala., turned to face a courtroom filled with his victims — mostly elderly residents who had worked at an Exxon Mobil Corp. facility in Baton Rouge — and apologized for leaving their finances in tatters."