A federal criminal complaint was filed against MICHAEL J. OPPENHEIM (CRD# 3021013), 48 years-old, of Livingston, New Jersey. Oppenheim has been accused of embezzling approximately $20 million of his clients' money for his own personal use. Oppenheim was formerly employed by JPMorgan Chase in New York. He was arrested by the FBI at his home on April 16, 2015.
Allegedly, Oppenheim used his clients' money to make unprofitable options trades, paid his mortgage on his own personal home, and placed clients' money into three online brokerage accounts he opened for himself or his wife at other firms. The federal complaint said that Oppenheim profited from concealing his clients' funds and benefited personally from profits gained.
MICHAEL J. OPPENHEIM (CRD# 3021013) was employed with the following firms according to FINRA's BrokerCheck:
10/2012 - 04/2015 J.P. MORGAN SECURITIES LLC (CRD# 79) - NEW YORK, NY
05/2004 - 10/2012 CHASE INVESTMENT SERVICES CORP. (CRD# 25574) - NEW YORK, NY
02/2004 - 05/2004 WACHOVIA SECURITIES, LLC (CRD# 19616) - ST. LOUIS, MO
02/2002 - 02/2004 CHASE INVESTMENT SERVICES CORP. (CRD# 25574) - CHICAGO, IL
05/1999 - 07/2001 PRUDENTIAL SECURITIES INCORPORATED (CRD# 7471) - NEW YORK, NY
04/1998 - 05/1999 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD# 7691) - NEW YORK, NY
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