A U.S. Army financial counselor has pleaded guilty to defrauding Gold Star families, including a Hudson Valley military mom.
Caz Craffy, also known as Carz Craffey, 41, pleaded guilty in federal court in Trenton, New Jersey, according to the U.S. Justice Department.
Over a span of four years, Craffy managed to obtain nearly $10 million from Gold Star families, purportedly to invest in accounts under his management. However, he admitted to executing trades without the families' permission, resulting in significant financial losses for them.
While the Gold Star families suffered losses amounting to millions, Craffy profited - earning more than $1.4 million from his deceptive practices.
Craffy is scheduled for sentencing in August.