© 2022 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
Available On Air Stations

Detroit-Area Financial Adviser Accused Of Embezzling $3.7M

Amanda Barberena
WKAR File Photo

Authorities have accused a Detroit-area financial adviser with embezzling roughly $3.7 million from his clients.

The charge was filed as a criminal "information" instead of an indictment, which means that prosecutors and John Maccoll have negotiated a guilty plea. The U.S. Attorney's Office in Detroit said Maccoll turned himself in Friday and appeared with his attorney for an arraignment.

Maccoll has been charged with wire fraud in connection with theft from his clients at UBS Financial Services in Birmingham. Officials say about a dozen people lost money between 2010 and March of this year as part of the scheme.

The Associated Press left a message late Friday afternoon for defense attorney Rafael Villarruel.

News from WKAR will never be behind a paywall. Ever. We need your help to keep our coverage free for everyone. Please consider supporting the news you rely on with a donation today. You can support our journalism for as little as $5. Every contribution, no matter the size, propels our vital coverage. Thank you.