Financial advisor sentenced in scheme to defraud clients



financial advisor was sentenced Friday to four years in prison followed by three years of supervised release for mail fraud in connection with defrauding clients, including a child suffering from cerebral


, the Maryland U.S. Attorney's Office announced.

U.S. District Court Judge Catherine C. Blake also ordered Ralph

Edward Thomas

Jr. to pay $838,350 in restitution and to forfeit property in order to do so, including funds related to investment accounts, his home and his luxury cars.

Thomas, a former vice president in a subsidiary of Harbor Bank, used $100,000 in money stolen from the sick child's accounts to buy a home. He also obtained three mortgages valued at $205,000 on the home of the child's mother, using her name without her knowledge.