Robert E. Lee Jr., 50, broker and financial advisor from Oxford, Connecticut, was charged on May 12, 2014, with bilking millions of dollars from his clients through an alleged Ponzi scheme. Lee was employed by several firms.
Federal prosecutors allege that Lee's Ponzi scheme occurred from January 2011 through March 2014. Prosecutors allege Lee told his clients that he was investing their money, when in fact he was putting his client's cash into his own personal bank account and then creating phony statements and other documents.
Lee allegedly gave investors money from other investors to perpetrate his Ponzi scheme,and also used his clients' money for his own personal expenses.
Lee was released on $250,000 bond after appearing at U.S. District Court in New Haven.
If you have become a victim of this or another Ponzi Scheme, call Soreide Law Group for a free consultation on how to potentially recover your losses at: 888-760-6552.
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