Ex-Morgan Stanley brokers admit to using client cash for wind farm #USA

By National Wind Watch Two former Morgan Stanley brokers pleaded guilty to using more than $500,000 in client money to make unauthorized investments in a wind farm and pay personal expenses including college tuition and credit card bills, federal prosecutors said. James Polese, 51, and Cornelius Peterson, 28, pleaded guilty to conspiracy, investment-adviser fraud and bank fraud, U.S. Attorney Andrew Lelling in Boston said Wednesday in a statement. Polese also pleaded guilty to identity theft, prosecutors said. In 2014, the pair tapped a client . . .

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