New York Broker Charged in Investment Fraud

Posted on June 16th, 2015 at 11:33 AM
New York Broker Charged in Investment Fraud

From the Desk of Jim Eccleston at Eccleston Law LLC:

William Quigley, former Chief Compliance Officer of Trident Partners Ltd, has been charged with conspiracy to commit wire fraud and money laundering conspiracy in connection with an investment scheme. He could face up to 20 years in prison.

According to the SEC, from 2003 to 2012, Quigley allegedly managed to convince foreign investors to purchase securities for various “blue chip” companies such as Dell Inc, Berkshire Hathaway INC, and BlackRock INC., as well as “start up” companies that were considered on the verge of going public.

Foreign investors sent their funds to various U.S bank and brokerage accounts set up by Quigley and his two brothers, Michael and Brian Quigley. Those funds then were diverted for personal use.

Furthermore, Quigley used his position at Chief Compliance Officer to steal additional money from his own firm. The SEC states that Quigley stole commission checks from Trident Partners Ltd. Trident Partners was not aware of his fraudulent activity.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, William Quigley, Trident Partners,

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