Robert E. Lee Jr.,(CRD# 1824202) 50, a broker and financial advisor from Oxford, Connecticut, was charged with allegedly operating a Ponzi scheme. He was charged with five counts of wire fraud on Oct. 7, 2014. A New Haven grand jury returned the indictment and each count of wire fraud carries a maximum term of 20 years.
The charges allege that from January 2011 to March 2014, Robert Lee defrauded clients by claiming he was investing their money when he was in fact placing their funds in his personal bank account. Also alleged by the prosecutors, Lee used the money to make distributions to other investors and for personal expenses. Robert Lee allegedly falsified account statements and other documents to his clients.
The indictment is seeking $358,077 that Lee allegedly held in an online trading account. This account was seized by the government at the time of Lee's arrest.
Lee is currently free on a $250,000 bond and is scheduled to be arraigned in court Oct. 14, 2014.
According to FINRA's BrokerCheck, Robert Lee was previously registered with the following securities firm(s):
Registered Dates Firm
11/2009 - 08/2013 ROCKWELL GLOBAL CAPITAL LLC (CRD# 142485) - DANBURY, CT
03/2005 - 11/2009 GUNNALLEN FINANCIAL, INC (CRD# 17609) - NEW HAVEN, CT
10/2002 - 04/2005 MAXIM GROUP LLC (CRD# 120708) - NEW YORK, NY
08/2000 - 10/2002 INVESTEC ERNST & COMPANY (CRD# 266) - NEW YORK, NY
01/2000 - 09/2000 BUCKMAN, BUCKMAN & REID, INC. (CRD# 23407) - SHREWSBURY, NJ
12/1998 - 02/2000 PACIFIC CONTINENTAL SECURITIES CORPORATION (CRD# 2398) - BEVERLY HILLS, CA
12/1994 - 12/1998 PATTERSON TRAVIS, INC. (CRD# 16540) - ENGLEWOOD, CO
FINRA expelled the firm in 06/2003
11/1994 - 12/1994 ROBERT TODD FINANCIAL CORP. (CRD# 7423) - NEW YORK, NY
08/1994 - 11/1994 WESTFIELD FINANCIAL CORPORATION (CRD# 8143) - NEW YORK, NY
FINRA expelled the firm in 04/1996
05/1988 - 09/1994 HIBBARD BROWN & CO., INC. (CRD# 18246) - NEW YORK, NY
FINRA expelled the firm in 02/1996
04/1988 - 05/1988 SHERWOOD CAPITAL, INC. (CRD# 10474)
If you've experienced financial losses in this or other Ponzi-like schemes, call the Soreide Law Group for a free consultation on how to potentially recover your losses at 888-760-6552. We represent clients nationwide.
One or more investors possibly experienced losses because of securities broker Calvin James Heck [CRD: 1025767, Everett, Washington], based on public information found on FINRA BrokerCheck. Evidently, Heck has worked for Wedbush Securities Inc. in Los Angeles, California, since June 27, 2003, and in its Everett, Washington, office since June 11, 2020. Read on to […]
Investors potentially experienced sales practice violations due to securities broker Gregory John Libby [CRD: 2455485, Paramus, New Jersey], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Libby has been employed with Morgan Stanley at its Paramus, New Jersey branch since June 1, 2009, and continues to be registered with the […]
Investors apparently complained about securities broker Prakash Verma (also known as Mike Panjabi, Ramprakash Panjabi, and Mike Verma) [CRD: 4760483, Leander, Texas], based on disclosures found on FINRA BrokerCheck. Evidently, Verma worked for NYLIFE Securities LLC (CRD#: 5167) from November 17, 2004, to June 2, 2025. Read on to find out more about the disclosures […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com