WRAL – A coach at a North Carolina military school who recently bought a $3.9 million home on the South Carolina coast has been charged with securities fraud.
The Securities and Exchange Commission said in a news release Friday that it has charged Stanley Kowalewski of Greensboro with diverting money from two hedge funds for his own use. Among the purchases the SEC cited was a 5,000-square-foot beach house in Pawleys Island.
