Stockbroker Thief Sentenced for Stealing from Elderly Clients

This case also reminds us that our elderly relatives are especially at risk from stockbrokers.

It’s a lot easier than you think for a stockbroker to steal from you.  It’s even easier for him or her to steal from an elderly client.  The FBI caught PrimeVest Financial Services broker Brian Anderson of Oradell, New Jersey doing just that.  Anderson pled guilty to stealing $1.1 million from elderly customers by depositing their supposed investment checks into a bank account that he controlled.  The court sentenced him to 68 months in federal prison.

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