TUCSON, Ariz. — A once prominent Tucson financial adviser must serve more
than two years of probation and perform 1,000 hours of community service after
being sentenced in a charity theft case.
Television station KVOA reports that 68-year-old James
Murphy was also ordered to pay $115,000 of restitution and a $46,000 fine. He
paid both amounts Friday.
Murphy had pleaded guilty previously to stealing tens of thousands of dollars
from the Elizabeth Ann Parkman Foundation, a nonprofit that gave millions of
dollars to countless groups.
Murphy issued a brief apology before being sentenced, saying he was very
He resigned months ago from his position at Morgan Stanley and voluntarily
gave up his financial adviser’s license.
Prosecutors said investigators do not believe that Murphy stole from any other
accounts he handled.
Information from: KVOA-TV, http://www.kvoa.com/