Financial Host Accused Of Fraud By SEC
January 26, 2009 at 5:10 AM (PT)
A financial planner who hosted a show on several NEW ENGLAND stations, including WBIX-A/BOSTON in the early 2000's and later did a daily show on WPLM-A/PLYMOUTH, WBNW-A/CONCORD-BOSTON, and WCRN-A/WORCESTER, is being accused by the SECURITIES AND EXCHANGE COMMISSION and the COMMONWEALTH OF MASSACHUSETTS of defrauding clients of up to $4 million.
The BOSTON HERALD reports that GREGG T. RENNIE of QUINCY, MA, host of "YOUR MONEY LIVE." is accused of selling "federal housing certificates" to customers and pocketing the money, then being unable to repay the investors. Regulators obtained an order FRIDAY to freeze RENNIE's assets.