Alec Rivera—Financial Fraud
Alec Rivera Allegedly Transferred Over $1 Million from Client Accounts without Consent
Alec Rivera, from 2010 to 2013, allegedly transferred over $1 million from client accounts without consent and purportedly put the cash into other accounts, according to Court Documents from Chicago currently under review by attorneys Joe Peiffer and James Booker.
Rivera, a former Merrill Lynch financial advisor, allegedly told his colleagues that the clients had given him authorization to move the funds, according to documents filed by the prosecution.
The Peiffer Wolf securities lawyers are currently investigating Alec Rivera’s alleged financial fraud.
Alec Rivera Allegedly Used Chamber of Commerce Bank Accounts to Write Checks to Himself
Alec Rivera allegedly used his former position as treasurer to write checks to himself with amended subject lines such as “IRS attorney payment”, according to Court Documents from Chicago presently under review by attorneys Joe Peiffer and James Booker.
Rivera, who had been barred by FINRA in 2014, allegedly sent client account documents to himself, said Documents report.
Finally, Rivera then allegedly sent falsified statements to clients which failed to the aforementioned Court Documents.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Alec Rivera’s alleged investment fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Alec Rivera’s alleged investment fraud scheme may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.