Andrew and Helen Waters exuded wealth and success. They lived in a $7 million home along a leafy Montecito cul-de-sac. They drove Range Rovers and rode horses and hosted posh dinner parties. Their most frequent guests were the parents of their children's friends.
Andrew, a high-flying investment banker, had an easygoing attitude and sharp sense of humor. Helen, a socialite from Hong Kong, was six feet tall, loud, and an excellent cook. Together they made a formidable pair.
“They played it brilliantly,” said Michael Cox, who worked briefly with Andrew before uncovering what the U.S. Securities and Exchange Commission (SEC) has called the couple’s “fraudulent stock scheme.”