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Edward Thomas
Reisterstown financial advisor pleads guilty in fraud

A Reisterstown financial advisor pleaded guilty in federal court in Baltimore on Wednesday to mail fraud in connection with the theft of more than $800,000 from accounts he managed for a child suffering from cerebral palsy and for an elderly client with dementia. Ralph Edward Thomas Jr., 52, a former vice president in a subsidiary of Harbor Bank, used more than $100,000 in stolen money from the child's trust fund to buy a home, the U.S. Attorney's office said. Thomas also obtained three mortgages valued at $205,000 on the home of the child's mother, using her name without her knowledge, authorities said. Separately, while employed as a financial advisor for Wells Fargo...

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