- Free Confidential Consultation: (720) 599-3505 Tap Here To Call Us
Free Confidential Consultation
DEBRA MAE CARTER of KMS Financial Sentenced for PONZI Scheme

Former KMS Financial Advisor Debra Mae Carter Sentenced to Prison
WEATHERFORD, TEXAS Did you invest with Debra Mae Carter in Weatherford, Texas? She previously worked with KMS Financial, and was recently sentenced to life in prison for her role in William “Doc” Gallagher’s Ponzi scheme. Over $30 million was stolen from victims in Gallagher’s scheme.
Debra Mae Carter was licensed in the securities industry from 1983 to April 2018 and worked in Weatherford, Texas. She was a representative of KMS Financial from April 2015 to April 2018.
KMS Financial was a securities brokerage firm based in Seattle and had obligations to reasonably supervise Ms. Carter’s conduct under FINRA rules. If they failed to do so, the brokerage firm can be liable for investor losses.
View BrokerCheck Report HERE.