Nebraska Advisor Accused of $1M Fraud, Commits Suicide
Jerome “Joe” Bonnett, a longtime financial advisor from Omaha, Nebraska who was accused by state officials of misappropriating over $1.35 million of client funds, has committed suicide.
Bonnett operated the Bonnett Wealth Management investment firms. Two Nebraska law enforcement officials familiar with the two month investigation stated that Bonnett’s clients have lost as much as $2 million. The FBI is also involved in the investigation. The allegations, which span at least nine years, have “all the makings of a Ponzi scheme,” officials said. Bonnett had been charged with two felonies: first-degree forgery and a fraudulent insurance charge, Douglas County Attorney Don Kleine said. Kleine also stated he filed the initial charges to try to ensure that Bonnett remained in the Omaha area. Prosecutors said they asked a judge to set “significantly high” bail. The judge set Bonnett’s bail at $100,000 and ordered him to surrender his passport. He paid $10,000 — 10 percent of the bail amount — and had been released from jail.