Murfreesboro resident charged with bilking investors - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Murfreesboro resident charged with bilking investors

Ralph Turley III Ralph Turley III
MURFREESBORO, TN (WSMV) -

A Rutherford County man is facing charges after he posed as an investment advisor to clients who gave him money to invest, according to the Tennessee Bureau of Investigation.

Ralph Turley III, 72, of Murfreesboro, TN, was indicted on one count of possession of client funds while acting as an unlicensed broker/dealer, one count of acting as an investment advisor while unregistered and one count of acting as a broker while unregistered.

Between 1995 and 2011, while Turley was working as an accountant, a Murfreesboro couple gave him between $750,000 and $815,000 to invest for them.

The TBI said Turley promised his clients a percentage return on their investments. An investigator said he paid his clients some money over the years, but eventually informed them the money was gone.

The attorney general requested the TBI investigate Turley in January 2012.

Turley no longer works as an accountant. He was booked into the Rutherford County Jail late Wednesday, released on $5,000 bond and is scheduled to appear in court on June 17.

Copyright 2013 WSMV (Meredith Corporation). All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Texas lieutenant governor calls for 'hardening' of schools

    Texas lieutenant governor calls for 'hardening' of schools

    Saturday, May 19 2018 11:51 PM EDT2018-05-20 03:51:30 GMT
    Sunday, May 20 2018 11:14 AM EDT2018-05-20 15:14:31 GMT
    (Jennifer Reynolds/The Galveston County Daily News via AP). April Salinas, second from right, her daughters Meah, 13, and Macee, 6, and Jeramiah Kelley read notes left at memorial behind Texas First Bank, Saturday, May 19, 2018 in Santa Fe, Texas. A gu...(Jennifer Reynolds/The Galveston County Daily News via AP). April Salinas, second from right, her daughters Meah, 13, and Macee, 6, and Jeramiah Kelley read notes left at memorial behind Texas First Bank, Saturday, May 19, 2018 in Santa Fe, Texas. A gu...

    The mother of one slain student said her daughter may have been targeted because she rejected advances from the suspect, who was an ex-boyfriend of her daughter's best friend.

    More >>

    The mother of one slain student said her daughter may have been targeted because she rejected advances from the suspect, who was an ex-boyfriend of her daughter's best friend.

    More >>
  • Mother has message for son after he's arrested for stealing car

    Mother has message for son after he's arrested for stealing car

    Saturday, May 19 2018 8:49 AM EDT2018-05-19 12:49:30 GMT
    Evelyn Thompson (Source: WMC Action News 5)Evelyn Thompson (Source: WMC Action News 5)

    A police chase in Memphis ended with two suspected car thieves in police custody, and one angry mother with a message for her son behind bars. 

    More >>

    A police chase in Memphis ended with two suspected car thieves in police custody, and one angry mother with a message for her son behind bars. 

    More >>
  • Man calls police after pig keeps following him

    Man calls police after pig keeps following him

    Saturday, May 19 2018 6:39 PM EDT2018-05-19 22:39:20 GMT
    The North Ridgeville Police Department said officers received a call from a man who said he was walking home from the train station in Elyria and he was being followed by a pig.  (Source North Ridgeville Police)The North Ridgeville Police Department said officers received a call from a man who said he was walking home from the train station in Elyria and he was being followed by a pig. (Source North Ridgeville Police)
    The North Ridgeville Police Department said officers received a call from a man who said he was walking home from the train station in Elyria and he was being followed by a pig.  (Source North Ridgeville Police)The North Ridgeville Police Department said officers received a call from a man who said he was walking home from the train station in Elyria and he was being followed by a pig. (Source North Ridgeville Police)

    The North Ridgeville Police Department said officers received a call from a man who said he was walking home from the train station in Elyria and he was being followed by a pig.

    More >>

    The North Ridgeville Police Department said officers received a call from a man who said he was walking home from the train station in Elyria and he was being followed by a pig.

    More >>
Powered by Frankly