The SEC has reached a plea agreement with a Chicago-based broker and CPA charged with misappropriating $5.2 million of his clients’ funds, according to a litigation release from the regulator.

Daniel Glick pled guilty to one count of wire fraud in a scheme that lasted from at least 2011 to at least 2017 and primarily targeted senior clients, including a person in a nursing home and Glick’s wife’s parents, the SEC says. Glick forged client statements exaggerating their assets and sent financial institutions forged checks and documents as part of the scam, according to the SEC statement. He spent the money paying off his own loans and debts, personal and business expenses and a Mercedes-Benz, the SEC says.

Last March, the SEC brought an emergency action against Glick and his unregistered investment advice firm, Financial Management Strategies, and named three relief defendants, including Glick Accounting Services, his accounting firm, according to the statement from the regulator. The SEC had asked for a court order to freeze the assets of Glick’s companies and order him to return money parked overseas, as reported. But Glick was able to persuade a judge in September to unfreeze $22,000 to cover his defense lawyer’s fees.

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Finra barred Glick in 2014 and his CFP designation and CPA license were revoked before the SEC charged him on unrelated complaints. Glick is also facing a separate criminal charge from the U.S. Attorney’s Office for the Northern District of Illinois, filed in November 2017, according to the SEC.