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Tag: Elderly Financial Abuse
Union City Finance Adviser Admits Ripping Off Elderly Clients
A Union City man pleaded guilty in a half-million dollar fraud involving financial services clients he was supposed to be working for, the U.S. Attorney's Office said.
Ramon Herrera, 36, pleaded guilty to one count of wire fraud and faces up to 20 years in prison when he's sentenced in February, authorities also said.
From May 2015 to early 2018, Herrera, who worked as a broker and financial adviser, met with and obtained confidential information from clients in and around Hudson County. The clients were mostly elderly, spoke only Spanish, or both, authorities said.
Herre…
