Army Financial Counselor Charged with Defrauding Gold Star Families of Millions

Former Army financial counselor Caz Craffy was indicted for stealing nearly $10 million from Gold Star families by manipulating them into investing their survivor benefits in his brokerage accounts.
Craffy allegedly mismanaged the investments, causing losses of over $3.4 million, while pocketing $1.4 million in commissions for himself.
One widow lost 60% of her $400,000 investment after Craffy claimed it would grow to $1 million in 7 years.
Craffy also stole $50,000 from a 13-year-old girl's retirement account after her father died.
The SEC filed a civil complaint against Craffy for wire fraud, securities fraud,making false statements, and violating rules against conflicts of interest.