Mark Kraus, a 28-year old former financial advisor with Chase Bank in Ledgewood, New Jersey, was charged with stealing $44,000 from his 74-year client over one year, from October, 2012 through August, 2013.
When the Chase Bank in Ledgewood, New Jersey, suspected Mark Kraus of misappropriating a client's funds, they alerted the police.
The Roxbury Police investigated the allegations and found Kraus was stealing from a 74-year-old woman. The Roxbury police arrested Kraus and charged him with: 19 counts of forgery, one count of theft of $44,000, and one count of criminal attempt of theft of $12,000.
The 19 forgeries Kraus was charged with were for the withdrawals from his client’s checking account which totaled $44,000. The $12,000 count of criminal attempt of theft, was yet another forgery attempt which was declined by the bank, police said.
Bail has been set at $100,000 with no 10 percent option.
If you or an elderly family member have experienced losses through your broker/financial advisor, call a Securities Arbitration Lawyer at Soreide Law Group for a free consultation on how to potentially recover your losses: 888-760-6552.
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