Former financial advisor sentenced for theft from charity

2013-09-27T10:45:00Z Former financial advisor sentenced for theft from charityPatrick McNamara Arizona Daily Star Arizona Daily Star

A prominent Tucson financial advisor has been sentenced to probation and ordered to pay more than $150,000 in fines and restitution for embezzling funds from a charity he oversaw.

James W. Murphy, formerly with Stanley Morgan and on the boards of numerous charitable organizations, was sentenced on Friday to 2 ½ years probation after pleading guilty to theft.

Murphy had been trustee of the Elizabeth Parkman Foundation, a non-profit organization that awarded grants to many area charities.

He was accused of using his position as trustee to purchase many personal items such as vintage cars and vacations using the foundation's money.

In addition to the probation, Murphy has repaid the foundation more than $115,000 and paid $47,000 to the Arizona Attorney General’s Office anti-racketeering fund.

Contact reporter Patrick McNamara at 573-4241 or pmcnamara@azstarnet.com. On Twitter @pm929.

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