Without question, being young and ambitious can have its advantages, but it can also have its disadvantages. Humbly, Jeremy McGilvrey readily admits he made several mistakes at the investment firm he founded. That’s why it was important to him to take full responsibility for the ill-advised transactions that took place. He wanted to make certain people knew exactly what kind of person he truly was – which was a man who runs towards problems, not away from them.
The instant Jeremy McGilvrey learned of the misconduct that took place at his firm – he took a direct flight to Texas and worked diligently with federal authorities to make certain all wrongs were made right. He was confident solutions had been offered for all problems that arose and when the dust settled – Jeremy began focusing on his mentorship programs again, which taught financial advisors marketing strategies, prospecting methods, and closing techniques.
Unfortunately, Jeremy was wrong. The federal authorities were satisfied with the solutions he offered and chose not to pursue charges. However, state authorities were not satisfied. Jeremy McGilvrey was arrested and booked into the San Antonio jail without bail because he was deemed an extreme flight risk.
After months of incarceration, Jeremy ultimately lost everything. He eventually was appointed an attorney by the state. The attorney assured him as long as federal authorities chose not to indict – this was nothing more than a publicity stunt by the state. Jeremy McGilvrey’s court appointed attorney promised Jeremy he could smooth everything over and get him released “unscathed,” assuring Jeremy he had nothing to worry about.
However, shortly after Jeremy entered the courtroom – this proved to be the worst advice he would ever receive. Instead of going home October 22nd of 2009 – Jeremy McGilvrey was given not one, but two 20-year prison terms (40-years).
In shock and disbelief, Jeremy was escorted out of the courtroom and sent to some of the worst penitentiaries the state of Texas had to offer because of his substantial prison term. He constantly tried to contact his lawyer to figure out what happened, but discovered he withdrew as his attorney the day after he was given 40-years.
Now the headlines read: Investment Banker Sentenced to 40 Years.
Getting up when you can’t…