Overcast 43°
Tag:

Investment advisor fraud

News
NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds
NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds A former investment adviser and founder of a New York financial advisory firm could spend decades in federal prison for conning his clients out of more than $1 million. Long Island resident Jeffrey Slothower, age 46, of Southampton, was found guilty of wire fraud and related charges by a jury in Central Islip federal court on Thursday, May 16. According to prosecutors, in 2017 Slothower targeted a California couple whose money he had managed at another financial services firm, promising them he could beat any rate of return they were receiving at his own firm, Battery Private. He offered t…

SHARE

by Michael Mashburn
News
Long Island Twins Trick Clients Out Of $5 Million Investment Advising Fraud, Feds Say Long Island Twins Trick Clients Out Of $5 Million Investment Advising Fraud, Feds Say
Long Island Twins Trick Clients Out Of $5 Million Investment Advising Fraud, Feds Say A pair of twin brothers and investment advisors are facing 20 years in prison after allegedly defrauding clients out of millions. The brothers, Adam and Daniel Kaplan, both age 34 and hailing from Great Neck, were indicted on charges of wire fraud, money laundering, and more, the US District Attorney’s Eastern District of New York announced on Tuesday, July 25. Adam and Daniel, between May 2018 and November 2022, took on hundreds of clients as investment advisors from New York all the way to Arizona, according to the indictment and public records. During that time, the brothers used thei…

SHARE

by Sophie Grieser