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Fake stock broker charged

by
A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson
A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson

UNDATED (WSAU)  A former Weston man is accused of ripping off investors - including his own family members - by claiming to be a stock broker. 34-year-old Andy Vang used fake business cards and letterhead, and stole more than $170,000 from would-be clients.

Prosecutors say before that he pretended to be a doctor at St. Clare's Hospital.

A criminal complaint says Vang told his victims that he'd put their money into blue-chip stocks like Apple and Hewlett-Packard. One family was told if they invested $30,000, they'd get back $1.9-million in five years.

A brokerage house in Madison that Vang claimed to work for received calls from his clients. They filed a complaint with state regulators.

Vang faces 25 counts of fraud and identity theft, and prosecutors say it's likely that other victims will come forward. Bond was set at $200,000.

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