On Tuesday, September 17th., 2013, 47 year old, Andorean Boleancu, a financial adviser from Northern California, pleaded guilty to charges that he wrote over $1.8 million in checks from his client's accounts. This client was an elderly widow. The U.S. Attorney's office said that Andorean Boleancu now faces 30 years in prison, a $1 million fine, plus restitution for wire fraud.
Andorean Boleancu was indicted in July. He allegedly forged his client's name on checks from her brokerage account and home equity lines of credit. These checks were then made payable to Boleancu's family members, girlfriend, and his credit cards. Boleancu's elderly client was not only characterized as an unsophisticated and inexperienced investor but she was further described as a client who relied completely on Andorean Boleancu’s professional advice and experience for her investing and safekeeping her assets.
Andorean Boleancu was employed at Morgan Stanley & Co. and the wealth management group at Wells Fargo Advisors in San Francisco.
If you or a family member have experienced losses through your broker/financial adviser, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses at 888-760-6552.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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