A former E. F. Hutton & Co....
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A former E. F. Hutton & Co. broker has pleaded guilty to charges stemming from his role in a money-laundering scheme conducted at the firm’s Providence office. Brian J. Lareau, 46, pleaded guilty to one count of violating the Social Security Act and one money-laundering count in a U.S. District Court. He admitted to laundering $183,950 from August, 1982, to October, 1984. Federal authorities said Lareau and Stephen S. Fusco, who died two years ago of cancer, helped clients hide about $1.5 million in cash from the IRS and the SEC. Lareau will be sentenced July 22.
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