Lorenzo Esteva— Allegedly Providing Falsified Account Statements

investment fraud attorney ClevelandLorenzo C. Esteva Allegedly Provided Falsified Account Statement to a Customer from 2001 to 2017 and also Allegedly Journaled Funds Improperly between Accounts of Two Unrelated Customers

Lorenzo Esteva, a broker from Miami, Florida, allegedly provided falsified account statements to a customer from 2001 to 2017, during which time Esteva was allegedly employed with Merrill Lynch and UBS Financial Services, and also improperly journaled funds between accounts of two unrelated customers, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Lorenzo Esteva’s alleged falsified accounts are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Lorenzo Esteva’s alleged falsified accounts.

Esteva was purportedly terminated by UBS on June 6, 2017, based upon allegations that he placed unauthorized transactions involving a customer’s funds and purportedly furnished documents to them containing fake account details, according to the aforementioned AWC.

Lorenzo Esteva Barred by FINRA from Associating with any FINRA Member Firm

Lorenzo C. Esteva, on July 25, 2017, allegedly received a letter from FINRA requesting that he hand over brokerage and bank account statements, information about customer disputes, and other documents relevant to FINRA’s investigation into allegations of his misconduct, according to the aforementioned AWC presently under review by attorneys Alan Rosca and James Booker.

Esteva was then allegedly warned by FINRA that his purported failure to provide FINRA with the aforementioned documentation and information as requested could result in his potential bar, the AWC notes.

FINRA then allegedly granted Esteva an extension of time to cooperate, as Esteva’s counsel allegedly reported to FINRA on August 22, 2017, that Esteva would allegedly not be providing the information and documentation as requested or otherwise participating in FINRA’s investigation, the AWC notes.

As a result, FINRA has rued that Esteva’s alleged conduct was violative of FINRA Rules, the AWC notes.

Esteva has also allegedly been named in a customer initiated investment related to a written complaint on June 20, 2017, in which the customer’s claim was supported by allegations that Esteva effected unauthorized loan transactions and falsified the customer’s signature and documentation, according to FINRA.

Finally one should also note that, according to the AWC,  Lorenzo Esteva neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Lorenzo Esteva’s alleged falsified accounts. 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 Lorenzo Esteva’s alleged falsified accounts may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.