Fort Lauderdale Broker, ROGER KROEGER, Formerly with Invest Financial Corporation Arrested for Theft from a 92 Year-Old Woman

ROGER KROEGER CRD#: 1526864, a 62 year-old broker who had been with Invest Financial Corporation in Ft. Lauderdale, Florida, has been accused by the Broward Sheriff’s Office, along with his sister, of misappropriating approximately $300,000 from the investment account of a 92 year-old woman from Pompano Beach, Florida.
According to the SunSentinel, Kroeger and his sister have been accused of embezzlement and money laundering. The 92 year-old client stated, “I am so hurt by it, because I trusted him with all my heart I could never believe that they would ever do this to me.” She was a client of Kroeger’s for over 30 years.
According to court documents, two friends of the woman, ministers who checked on her daily, noticed activity on her financial statements. There were checks written for large amounts, including one to Kroeger’s sister, Claudia Mahon, for $90,000. Kroeger said it was for a loan from his client to his sister, however his client said she didn’t know Claudia Mahon, so she would not have loaned her money. After the check was discovered a few days later, a cashier’s check for $90,000 from Claudia Mahon marked “loan repayment” arrived for Kroeger’s 92 year-old client.
The allegations against Kroeger are that he embezzled $290,000 of his client’s money and deposited into his sister, Claudia Mahon’s account. At least $10,000 was used to pay improvements to Kroeger’s home worth $2 million.
Kroeger pleaded not guilty to the charges of: elderly exploitation; organized scheme to defraud; money laundering; grand theft and forging checks. Kroeger was freed from a Broward County jail on $207,500 in bonds. According to FINRA’s BrokerCheck, Kroeger had been employed at Invest Financial Corporation in Ft. Lauderdale from October 10, 1990 until December 5, 2017 when he was terminated for, admitting “to facilitating a loan to his sister from a senior client, and was subsequently charged with multiple felony offenses in connection with these circumstances.”
His sister, Claudia Mahon, 70, a retired teacher, was arrested Dec. 4 during her brother’s bond hearing, and faces two counts of committing money laundering transactions of more than $100,000.
If you suffered losses due to the actions or recommendations of Roger Kroeger formerly of Invest Financial Corporation of Ft. Lauderdale, call the Pompano Beach, Florida-based Soreide Law Group for a no-cost consultation to discuss the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA. Brokerage firms can be held responsible for the actions of their brokers and lack of supervision. Soreide Law Group represents clients nationwide before FINRA and we operate on a contingency fee basis.