Army Financial Counselor Pleads Guilty to Defrauding Gold Star Families

Caz Craffy, a former Army Reserve major, admitted to a fraudulent scheme that cost Gold Star families nearly $10 million.

Caz Craffy pleaded guilty to multiple charges including wire fraud and securities fraud, targeting families of fallen servicemembers.
The fraudulent activities led to a loss of over $3.7 million for the victims, while Craffy earned $1.4 million in commissions.
Craffy's scheme involved misusing his position to advise Gold Star families to invest in accounts he managed, without proper authorization.
The Justice Department has emphasized its commitment to protecting Gold Star families and holding perpetrators accountable.
Craffy is scheduled to be sentenced on August 21, with a plea agreement suggesting a prison term of 8 to 10 years.