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NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients
NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients A former registered investment adviser and founder of a New York financial advisory firm has been charged with fraud and money laundering. An indictment was unsealed on Monday, Dec. 6 in federal court in Central Islip charging Long Island resident Jeffrey Slothower, of Suffolk County, with wire fraud, investment adviser fraud, and money laundering in connection with a scheme to misappropriate more than $1 million from current and prospective clients. Slothower was arrested earlier in the day at his home in Southampton. “As alleged, Slothower executed a calculated scheme in which he repeate…

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by Joe Lombardi