{"id":6662,"date":"2018-09-26T08:55:08","date_gmt":"2018-09-26T12:55:08","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=6662"},"modified":"2018-09-26T11:01:02","modified_gmt":"2018-09-26T15:01:02","slug":"investment-center-broker-accused-of-stealing-300k-from-elderly-client","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/","title":{"rendered":"Investment Center Broker Accused of Stealing $300K from Elderly Client"},"content":{"rendered":"<h2><strong><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-6663 alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client-300x135.jpg\" alt=\"Investment Center Broker Accused of Stealing $300K from Elderly Client on silverlaw.com\" width=\"327\" height=\"147\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client-300x135.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client-768x347.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client-1024x462.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client-1000x451.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client-266x120.jpg 266w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client.jpg 1117w\" sizes=\"auto, (max-width: 327px) 100vw, 327px\" \/>Leon Vaccarelli allegedly defrauded a total of nine clients out of more than $1 million<\/strong><\/h2>\n<p style=\"text-align: justify;\">In May, former financial advisor Leon Vaccarelli was charged with 12 counts of <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.financial-planning.com\/news\/doj-sec-charge-former-investment-center-advisor-with-elder-fraud\"  rel=\"noopener\" target=\"_blank\">fraud and money laundering<\/a><\/span> in a federal court in Connecticut. If convicted on all of them, he could receive a maximum penalty of 210 years in prison. After pleading not guilty, Vaccarelli was released on a $100,000 bond.<\/p>\n<p style=\"text-align: justify;\">Vaccarelli is alleged to have stolen money from several clients between 2011 and 2017. During that time, he reportedly informed his clients that their money would be invested in different places, including money market accounts and retirement products. What Vaccarelli actually did, according to investigators, was put the money into his own account and use it to pay his own expenses. In addition, federal prosecutors also say that he also used client money to make interest payments to other investors.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/\"  title=\"Continue Reading Investment Center Broker Accused of Stealing $300K from Elderly Client\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leon Vaccarelli allegedly defrauded a total of nine clients out of more than $1 million In May, former financial advisor Leon Vaccarelli was charged with 12 counts of fraud and money laundering in a federal court in Connecticut. If convicted on all of them, he could receive a maximum penalty of 210 years in prison. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[620,725,589,602,574,582,588,592,605,612,617,606,759,587,618,849,603,599,596,608],"tags":[1270,492,1271,1269],"class_list":["post-6662","post","type-post","status-publish","format-standard","hentry","category-annuity-switching","category-breach-of-fiduciary-duty","category-churning-2","category-class-action","category-current-investigations","category-elder-fraud","category-finra-arbitration","category-finra-investor-alert","category-finra-regulatory-notice","category-forex-trading","category-hedge-funds","category-margin","category-morgan-stanley-puerto-rico-bond-funds","category-mutual-funds","category-private-equity-funds","category-puerto-rico-bonds","category-sec-investor-tips","category-securities-arbitration","category-securities-concentration","category-tech-support-fraud","tag-accused-of-stealing","tag-broker-misconduct","tag-elderly-client","tag-investment-center-broker"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investment Center Broker Accused of Stealing $300K from Elderly Client &#8212; Securities Arbitration Lawyers Blog &#8212; September 26, 2018<\/title>\n<meta name=\"description\" content=\"Leon Vaccarelli allegedly defrauded a total of nine clients out of more than $1 million In May, former financial advisor Leon Vaccarelli was charged with &#8212; September 26, 2018\" \/>\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\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investment Center Broker Accused of Stealing $300K from Elderly Client &#8212; Securities Arbitration Lawyers Blog &#8212; September 26, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Leon Vaccarelli allegedly defrauded a total of nine clients out of more than $1 million In May, former financial advisor Leon Vaccarelli was charged with &#8212; September 26, 2018\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investment Center Broker Accused of Stealing $300K from Elderly Client &#8212; Securities Arbitration Lawyers Blog &#8212; September 26, 2018","description":"Leon Vaccarelli allegedly defrauded a total of nine clients out of more than $1 million In May, former financial advisor Leon Vaccarelli was charged with &#8212; September 26, 2018","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\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/","twitter_card":"summary_large_image","twitter_title":"Investment Center Broker Accused of Stealing $300K from Elderly Client &#8212; Securities Arbitration Lawyers Blog &#8212; September 26, 2018","twitter_description":"Leon Vaccarelli allegedly defrauded a total of nine clients out of more than $1 million In May, former financial advisor Leon Vaccarelli was charged with &#8212; September 26, 2018","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Investment Center Broker Accused of Stealing $300K from Elderly Client","datePublished":"2018-09-26T12:55:08+00:00","dateModified":"2018-09-26T15:01:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/"},"wordCount":559,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client-300x135.jpg","keywords":["Accused of Stealing","Broker Misconduct","Elderly Client","Investment Center Broker"],"articleSection":["Annuity Switching","Breach of Fiduciary Duty","Churning","Class Action","Current Investigations","Elder Fraud","FINRA Arbitration","FINRA Investor Alert","FINRA Regulatory Notice","Forex Trading","Hedge Funds","Margin","Morgan Stanley Puerto Rico Bond Funds","Mutual Funds","Private Equity Funds","Puerto Rico Bonds","SEC Investor Tips","Securities Arbitration","Securities Concentration","Tech support fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/","url":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/","name":"Investment Center Broker Accused of Stealing $300K from Elderly Client &#8212; Securities Arbitration Lawyers Blog &#8212; September 26, 2018","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client-300x135.jpg","datePublished":"2018-09-26T12:55:08+00:00","dateModified":"2018-09-26T15:01:02+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Leon Vaccarelli allegedly defrauded a total of nine clients out of more than $1 million In May, former financial advisor Leon Vaccarelli was charged with &#8212; September 26, 2018","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/09\/Investment-Center-Broker-Accused-of-Stealing-300K-from-Elderly-Client.jpg","width":1117,"height":504,"caption":"Investment Center Broker Accused of Stealing $300K from Elderly Client on silverlaw.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/investment-center-broker-accused-of-stealing-300k-from-elderly-client\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Investment Center Broker Accused of Stealing $300K from Elderly Client"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/6662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=6662"}],"version-history":[{"count":2,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/6662\/revisions"}],"predecessor-version":[{"id":6665,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/6662\/revisions\/6665"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=6662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=6662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=6662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}