Elderly Mandeville Financial Advisor Stole Money From Clients

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The U.S. Attorney's Office in Baton Rouge says a financial advisor from Mandeville is facing significant prison time for stealing money from his clients.

It says 70-year-old Ralph Savoie entered a guilty plea in federal court on Monday. 

The $1.5 million he was given to invest was spent instead on personal expenses including jewelry, credit cards and rent.

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