Event Brief
Advisor Gets Nearly 7 Years for Elder Fraud
By The BriefBrief · Sources (1)
Filed: Aug 22, 2026 at 9:00 AM ET
Summary: A St. Augustine financial advisor, Eric James Stone, was sentenced to six years and eight months in federal prison for stealing more than $2 million from a 75-year-old client. Prosecutors said he exploited his position to solicit funds through 600-plus transactions and used fake emails to disguise the activity. The court ordered $2,037,103 in restitution.
WHO: Eric James Stone, 43; victim, a 75-year-old woman
WHAT: Sentenced to six years and eight months in federal prison for wire fraud and money laundering involving more than $2 million siphoned from an elderly client; ordered to pay $2,037,103 in restitution.
WHEN: Mar 24, 2026
WHERE: St. Augustine, FL
WHY: Stone exploited his professional position to build a personal relationship and then solicited funds from the elderly client to support an online gambling habit.
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