Connecticut Financial Advisor Accused of Perpetrating Ponzi Scheme
Robert E. Lee, Jr. – an Oxford, Connecticut based financial advisor – was arrested by the FBI on a federal criminal complaint charging him with defrauding multiple investors in a Ponzi scheme.
Between January 2011 and March 2014, Lee defrauded individuals by claiming that he was investing their money in various investment vehicles when, in fact, he was maintaining custody of their funds in his personal bank account. He then used the money to make distributions to other investors and for personal expenses. To conceal the scheme, Lee fabricated account statements and other documents, which he delivered to his victims. Victims lost several million dollars as a result of this scheme.
Lee was employed as a broker and financial adviser for various financial investment firms until July 2013, when he was terminated by his most recent employer, Rockwell Global Capital LLC. Securities rules and regulations require Rockwell and all financial services firms to maintain and enforce a supervisory system to detect and prevent such illegal activities. As a result, Rockwell may be liable to investors who have suffered losses.
The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.
Related Attorneys: James J. Eccleston