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Broker Sentenced In NY ‘Boiler Room’ Scheme That Defrauded Elderly Out Of Millions Broker Sentenced In NY ‘Boiler Room’ Scheme That Defrauded Elderly Out Of Millions
Broker Sentenced In NY ‘Boiler Room’ Scheme That Defrauded Elderly Out Of Millions A former stockbroker is heading to federal prison for his role in a massive fraud scheme based on Long Island that swindled elderly victims out of millions of dollars. Lawrence Isen, age 69, of California, was sentenced to five years behind bars in federal court in Central Islip Friday, Jan. 6. Earlier Report: Former Broker Sentenced In LI 'Boiler Room' Fraud Scheme That Cost Elderly Victims Millions It followed his March 2020 jury conviction on multiple charges, including conspiracy to commit securities fraud, conspiracy to commit wire fraud, and money laundering. Federal prosecut…

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by Michael Mashburn