EL PASO, Texas (KFOX14/CBS4) — A former Morgan Stanley financial advisor in El Paso was sentenced in a federal court on Thursday to 12 years in prison for committing a multi-million dollar fraud scheme.
According to court documents, from May 2018 to August 2021, Jesus Rodriguez de la Cruz, 46, defrauded his financial services employer, Morgan Stanley, and clients of money through materially false pretenses, representations and promises.
Rodriguez de la Cruz orchestrated fraudulent transfers of funds from the bank accounts of Morgan Stanley and clients to other bank accounts for his own benefit…