TUCSON, Ariz. -- A once prominent Tucson financial adviser must serve more than two years of probation and perform 1,000 hours of community service after being sentenced in a charity theft case.
Television station KVOA reports that 68-year-old James Murphy was also ordered to pay $115,000 of restitution and a $46,000 fine. He paid both amounts Friday.
Murphy had pleaded guilty previously to stealing tens of thousands of dollars from the Elizabeth Ann Parkman Foundation, a nonprofit that gave millions of dollars to countless groups.
Murphy issued a brief apology before being sentenced, saying he was very remorseful.
He resigned months ago from his position at Morgan Stanley and voluntarily gave up his financial adviser's license.
Prosecutors said investigators do not believe that Murphy stole from any other accounts he handled.
Information from: KVOA-TV, http://www.kvoa.com/
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