Frederick E. Monroe Jr.—Ponzi Scheme Allegations
Frederick E. Monroe Jr., of Queensbury, allegedly engaged in a $1.26 million Ponzi scheme, purportedly taking more than $1 million in fake investments, according to reports from New York Attorney General Eric. T. Schneiderman currently under review by attorneys Alan Rosca and Joe Peiffer.
Schneiderman’s report goes on to allege that Monroe Jr., 59, and former vice president of Capital Financial Planning, LLC, was charged with “luring clients with whom he had established relationships over his 20-year-career as a financial planner and then diverting their monies for his own personal use,” according to the release from the Attorney General’s Office.
The Peiffer Rosca Wolf securities rights lawyers are currently investigating Frederick E. Monroe Jr. for allegedly running a $1.26 million Ponzi scheme.
Frederick E. Monroe Jr. Allegedly Charged with Money Laundering, Three counts of grand larceny, Four Counts of Securities Fraud, and a Scheme to Defraud
Frederick E. Monroe Jr, 59 has been charged with money laundering, three counts of grand larceny, four counts of securities fraud, and scheme to defraud, all felonies, according to a release from Attorney General Eric. T. Schneiderman currently being reviewed by attorneys Alan Rosca and Joe Peiffer.
Furthermore, Monroe allegedly told investors to write him personal checks, which he purportedly deposited into his personal account and then used the money to pay original investors and to live a life of luxury, according to said release from the Attorney General.
What is more, Monroe specifically advertised his services, through Capital Financial Planning, for “clients who have amassed a significant level of assets and seek to take advantage of advance advisory programs,” according to reports from New York Attorney General Eric. T. Schneiderman currently under review by attorneys Alan Rosca and Joe Peiffer.
Securities Rights Lawyers Investigating
The Peiffer Rosca Wolf securities rights lawyers often represent investors who lose money as a result of alleged Ponzi schemes. They are currently investigating Frederick E. Monroe Jr for allegedly operating a Ponzi scheme. 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 Frederick E. Monroe Jr for his alleged Ponzi scheme may contact the investment rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.