Fidelity / Crime / Financial Institution Bonds, in a general sense, cover an insured from the willful theft of property, money, and securities by one of their employees or an outside third-party ...

Fidelity bonds cover direct losses from employee theft, not third-party claims. In a recent case, courts ruled that losses from a fraud scheme were not covered because they resulted from a chain of ...

Four ex-clients of former New London-based financial advisor Thomas Chadwick, who was ordered to pay more millions in restitution to investors — including many on fixed incomes — who lost money on ...