Fair 23°
Tag:

State Bureau of Securities

Police & Fire
Broker From Livingston Gets 3 Years For Stealing $270K From Elderly Couple Broker From Livingston Gets 3 Years For Stealing $270K From Elderly Couple
Broker From Livingston Gets 3 Years For Stealing $270K From Elderly Couple An investment broker from Livingston was sentenced Friday to three years in prison for stealing more than $270,000 from an elderly couple he befriended, the state Attorney General's office said.  Michael Alan Siegel, 62, must also pay restitution to the woman. Her husband has since died.  In June, Siegel pleaded guilty to theft by deception in Essex County Superior Court. He was friends with the couple when he suggested they transfer their investment accounts, which totaled more than $2 million, to the brokerage Siegel went to work for in 2013.  When Siegel took a job a…

SHARE

by Paul Milo