{"id":1582,"date":"2017-09-05T20:48:36","date_gmt":"2017-09-06T00:48:36","guid":{"rendered":"http:\/\/www.elderfinancialfraudattorneys.com\/?p=1582"},"modified":"2018-10-04T15:34:17","modified_gmt":"2018-10-04T19:34:17","slug":"broker-leon-vaccarelli-charged-fraud-sec","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/broker-leon-vaccarelli-charged-fraud-sec\/","title":{"rendered":"Broker Leon Vaccarelli Has Been Charged with Fraud by the SEC"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/09\/pic-2.jpg\" alt=\"pic-2\" width=\"351\" height=\"234\" \/><\/p>\n<h2 style=\"text-align: justify;\">The former Connecticut broker allegedly stole over $1 million from elderly clients<\/h2>\n<p style=\"text-align: justify;\">On August 31, Leon Vaccarelli and Lux Financial Services were <a href=\"https:\/\/www.sec.gov\/litigation\/litreleases\/2017\/lr23927.htm\"  rel=\"noopener\" target=\"_blank\"><span style=\"text-decoration: underline;\">charged<\/span><\/a> by the Securities and Exchange Commission (SEC) with defrauding at least nine clients, several of which were elderly. According to the SEC, Vaccarelli told the clients that he would be investing their money in conventional brokerage accounts, but what he actually did was have them write checks payable to him. He reportedly then used that money to pay for personal expenses.<\/p>\n<p style=\"text-align: justify;\">The SEC says that over a five-year period, Vaccarelli defrauded his clients of more than $1 million, with a large portion of that total coming from the sale of over $450,000 in securities that were in a trust intended for the care of a beneficiary.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/broker-leon-vaccarelli-charged-fraud-sec\/\"  title=\"Continue Reading Broker Leon Vaccarelli Has Been Charged with Fraud by the SEC\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The former Connecticut broker allegedly stole over $1 million from elderly clients On August 31, Leon Vaccarelli and Lux Financial Services were charged by the Securities and Exchange Commission (SEC) with defrauding at least nine clients, several of which were elderly. According to the SEC, Vaccarelli told the clients that he would be investing their [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1102],"tags":[1137],"class_list":["post-1582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-fraud-by-the-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Leon Vaccarelli : Elder Financial Fraud Alert<\/title>\n<meta name=\"description\" content=\"Charges come after Leon Vaccarelli allegely stole over $1M from elderly clients. His firm, Lux Financial Services, also facing fraud charges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/broker-leon-vaccarelli-charged-fraud-sec\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Leon Vaccarelli : Elder Financial Fraud Alert\" \/>\n<meta name=\"twitter:description\" content=\"Charges come after Leon Vaccarelli allegely stole over $1M from elderly clients. 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His firm, Lux Financial Services, also facing fraud charges.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/broker-leon-vaccarelli-charged-fraud-sec\/","twitter_card":"summary_large_image","twitter_title":"Leon Vaccarelli : Elder Financial Fraud Alert","twitter_description":"Charges come after Leon Vaccarelli allegely stole over $1M from elderly clients. His firm, Lux Financial Services, also facing fraud charges.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/09\/pic-2.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/broker-leon-vaccarelli-charged-fraud-sec\/","url":"https:\/\/www.silverlaw.com\/blog\/broker-leon-vaccarelli-charged-fraud-sec\/","name":"Leon Vaccarelli : Elder Financial Fraud Alert","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-leon-vaccarelli-charged-fraud-sec\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/broker-leon-vaccarelli-charged-fraud-sec\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/09\/pic-2.jpg","datePublished":"2017-09-06T00:48:36+00:00","dateModified":"2018-10-04T19:34:17+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Charges come after Leon Vaccarelli allegely stole over $1M from elderly clients. 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