LITTLE ROCK — A Bryant man was sentenced in federal court Tuesday to two years in prison for bank fraud, the U.S. attorney’s office in Little Rock said.
Christopher Williams, a former financial adviser with Charles Schwab, entered a guilty plea in December. He admitted at the time that after losing his job at Charles Schwab in June 2012, he re-established contact with a former client and, during visits to the client’s Little Rock home, obtained personal information that he used to access the client’s account at Bank of America and create an E*Trade online brokerage account.
Williams admitted that he used the E*Trade account to transfer money out of the client’s Bank of America account and obtained credit cards in the client’s name, which Williams used for personal purposes. The scheme continued until Williams’ arrest in December 2012, said Christopher Thyer, U.S. attorney for the Eastern District of Little Rock.
U.S. District Judge Susan Webber Wright sentenced Williams to two years in prison, to be followed by five years of supervised release, and ordered him to pay $200,000 in restitution.