St. Louis Insurance Agent Admits Swindling Investors

After diverting nearly $6 million in client funds, 58 year old St. Louis resident Victoria McGee-Harris has pleaded guilty in U.S. District Court to one count each of mail fraud and engaging in a monetary transaction of around $10,000 in property derived from illegal activity, officials reported.

Authorities say McGee-Harris was doing business as a licensed insurance agent and securities broker out of Swansea between 2003 and 2010, when she enticed clients into buying investment and insurance products she never purchased on their behalf. She reportedly used funds for travel, as well as for the operation of a chain of clothing stores in Missouri.

Sentencing is set for July 8.