ST. LOUIS -- A former securities broker has been indicted for defrauding an elderly client of about $750,000, U.S. Attorney Ray Gruender said Friday.

Curtis Paulsen, 39, of St. Louis County, was indicted by a federal grand jury Thursday on one felony count of bank fraud.

He is expected to appear in federal court in St. Louis next week. If convicted, he could face up to 30 years in prison.

Paulsen was accused of stealing money from Doris Miller's account at Stifel Nicolaus, where Paulsen worked, and from Miller's personal bank accounts at First Bank from 1996 through 1999.