FBI: Tuscaloosa Stockbroker Embezzled Half-Million from Clients

A stockbroker in Tuscaloosa has been charged with embezzling more than $500,000 from a pair of his clients and is expected to plead guilty.

U.S. Attorney Prim F. Escalona and FBI Special Agent in Charge Carlton L. Peeples announced the charges Thursday, accusing 46-year-old Jason Brooks Head of one count of bank embezzlement.

Get our free mobile app

The FBI alleges that Head was a registered stockbroker at Morgan Stanley Wealth Management, where he has worked since 2019.

Starting in July 2020 and continuing until last November, Head withdrew just over half a million dollars from the accounts of two of his clients without their authorization.

Over more than three years, he transferred $500,114.81 "to accounts he controlled and used for his personal benefit," the federal investigators say.

Head has indicated he intends to plead guilty to the charge, according to the press release.

For more updates on the case if any are made available, stay connected to the Tuscaloosa Thread.