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Financial Advisor

NYC Broker Disbarment Pending

By Tom Costello of Costello Law Group  Miguel Ortiz, a New York financial advisor, was barred from the securities industry by FINRA after allegations of fraud. FINRA claims that Ortiz falsified account statements and concealed the account value of a joint account held by his one of his customers. The victims believe that […]

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NHL Player, Former Olympian, and Firefighters are Among those Swindled by Joseph Zada

By Tom Costello of Costello Law Group Joseph Zada, a former financial advisor, was convicted of fifteen counts of fraud after allegedly swindling millions from twenty-eight investors. One of Zada’s most notable clients was former NHL Red Wing player, Sergei Fedorov. Over an 11 year period, Zada allegedly embezzled $43 million from Fedorov. […]

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Wells Fargo Advisor Steals from Elderly Client

By Tom Costello of Costello Law Group posted in Securities on Friday, February 27, 2015. Jeffrey C. McClure, a former Wells Fargo advisor, has been barred by the Financial Industry Regulatory Authority (FINRA) after being charged with stealing almost $89,000 from an elderly client. McClure allegedly deposited money into his personal account by using blank, unsigned […]

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Advisor Sentenced to 3 ½ Years after an Alleged Ponzi Scheme to Pay Off Gambling Debts

By Tom Costello of Costello Law Group  Earlier this month, U.S. District Court Judge Gary Feinerman sentenced Oscar Overbey, Jr., to three and a half years in a federal prison. The charges against Overbey, a former Ameriprise advisor, stemmed from an alleged Ponzi scheme he created to pay off gambling debts and other […]

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Raymond James Independent Advisor Barred after Embezzling Nearly $1 million from an Elderly Client

By Tom Costello of Costello Law Group  Jo Ellen Fisher, a former Peoples Bancorp employee and financial advisor for Raymond James, has officially been barred from the securities industry. Fisher was accused of embezzling almost $1 million from an elderly client. Fisher allegedly transferred $924,750 from a trust of the 95 year old […]

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