Overview

• Craffy targeted grieving families, convincing them to invest in unauthorized high-risk trades.
• He pocketed $1.4 million in commissions while families lost $3.7 million.
• Craffy used his Army credentials to gain trust and access to vulnerable families.
• The scheme involved multiple counts of wire and securities fraud, among other charges.
• Legislation has been introduced to enhance vetting of military financial counselors.