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Orleans Investment Adviser Sentenced for Multi-Million Dollar Fraud and Identity Theft

Orleans investment adviser sentenced for Multi-Million Dollar Fraud and Identity Theft BOSTON – An Orleans investment adviser was sentenced yesterday in federal court in Boston for defrauding her clients of more than $3 million and using those funds for her own expenses. Kimberly Kitts, 51, was sentenced by U.S. District Court Judge Denise J. Casper [...]

By |2019-03-21T17:59:31+00:00March 21st, 2019|articles|0 Comments

Springfield investment adviser pleads guilty to stealing millions from clients

Springfield investment adviser pleads guilty to stealing millions from clients NEWARK - A Springfield man who formerly worked as a broker and investment adviser in Jersey City admitted to stealing million from clients to finance his personal expenses. Gary Basralian, 70, pleaded guilty before U.S. District Court Judge Madeline Cox Arleo in federal court here [...]

By |2019-03-13T10:12:18+00:00August 29th, 2018|articles|0 Comments

Financial Advisor Faces Federal Fraud and Money Laundering Charges Alleging Thefts from Ameriprise Clients and Other Victims

LOS ANGELES – A former Ameriprise financial advisor faces federal fraud and money laundering charges for allegedly defrauding clients by embezzling funds that she promised would be invested, United States Attorney Nicola T. Hanna announced today. Li Lin Hsu, 40, of Diamond Bar, was arrested Wednesday morning by special agents with the FBI. Hsu was [...]

By |2019-03-07T06:05:47+00:00April 19th, 2018|articles|0 Comments

Two Ex-Morgan Stanley Brokers in Boston to Plead Guilty to Fraud

Two Ex-Morgan Stanley Brokers in Boston to Plead Guilty to Fraud Two former Morgan Stanley brokers in Boston who were fired in June on allegations of misappropriating client funds have agreed to plead guilty to federal fraud charges, according to an announcement Wednesday from the U.S. Attorney’s Office in Massachusetts. James Polese, 51, and his [...]

By |2019-03-13T10:14:22+00:00January 31st, 2018|articles|0 Comments

Financial advisor sentenced to 7 years for stealing $900k from client

Financial advisor sentenced to 7 years for stealing $900k from client MOUNT HOLLY — Burlington County Prosecutor Scott Coffina announced that a Moorestown- based financial advisor was sentenced today to seven years in New Jersey state prison for stealing nearly $900,000 from a client who had provided him with the money believing it would be invested in [...]

By |2019-03-13T10:14:57+00:00January 10th, 2018|articles|0 Comments

Financial Advisor Roger Kroeger Arrested for Embezzlement

Financial Advisor Roger Kroeger Arrested for Embezzlement He allegedly stole almost $300,000 from an elderly client Earlier this month, Roger Kroeger was arrested in Broward County on several charges after a former client of his accused him of stealing $290,000 from her investment account. Kroeger had been an advisor with INVEST Financial Corporation in Fort [...]

By |2019-03-13T10:15:22+00:00December 14th, 2017|articles|0 Comments

Mercer County ‘investment adviser’ will be sentenced for fraud

Mercer County 'investment adviser' will be sentenced for fraud PITTSBURGH - A former investment adviser from Mercer County awaits sentencing in federal court for creating a phony company to cheat investors. Jeffrey T. Lewis, 48, of Transfer, Pa., pleaded guilty last month in U.S. District Court in Pittsburgh to charges of wire fraud and engaging [...]

By |2019-03-13T10:15:38+00:00October 5th, 2017|articles|0 Comments

Hampton Roads financial adviser charged with criminal fraud

Hampton Roads financial adviser charged with criminal fraud A Hampton Roads financial adviser is expected to plead guilty to two federal criminal counts for his role in running a fraudulent investment scheme that led investors to lose at least $6 million, according to charges filed by the U.S. Attorney’s office. Roger Odell Hudspeth II, who [...]

By |2019-03-13T10:17:25+00:00August 10th, 2017|articles|0 Comments

Ex-JPMorgan adviser charged in $20M fraud

Ex-JPMorgan adviser charged in $20M fraud NEW YORK – A former JPMorgan Chase investment adviser was arrested Thursday on charges he stole $20 million from customers and spent the funds on unprofitable trading and other personal expenses. Michael Oppenheim, 48, took money from at least seven bank clients in a fraud scheme he operated from [...]

By |2019-03-13T10:18:02+00:00April 16th, 2015|articles|0 Comments

Adviser sentenced in Cisneros fraud case

Adviser sentenced in Cisneros fraud case A financial adviser who stole $481,000 from former San Antonio Mayor Henry Cisneros was sentenced Thursday to 41 months in federal prison and ordered to pay restitution. A financial adviser who stole $481,000 from former San Antonio Mayor Henry Cisneros was sentenced Thursday to 41 months in federal prison [...]

By |2019-03-13T10:18:31+00:00November 19th, 2009|articles|0 Comments
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