continued "Brouillette figured that as long as he had made some contact, the company belonged in the category of a firm whose stock he owned," says Davis. Brouillette told clients he would sell the stock for half of what it was trading for. It looked intriguing but was no bargain because the shares were never delivered.
Customers got wiped out, just as they had been in the Pay Pop caper.
Brouillette eventually pleaded guilty to multiple counts of grand theft with an extra penalty for defrauding elderly people.
There's an old saying: "He who sells what isn't his'n, pays it back or goes to prison." Because the stock he sold and the offshore funds he claimed to have did not exist, Brouillette now reposes in prison.