Michael J. Oppenheim—Embezzling Money from Clients

investment fraud attorneysMichael J. Oppenheim Allegedly Embezzled about $20 Million in Client Money to Fund His Own Brokerage Account

Michael J. Oppenheim allegedly embezzled about $20 million in client money in order to fund his own brokerage account according to a Federal Criminal Complaint currently under review by attorneys Joe Peiffer and Alan Rosca.

Michael J. Oppenheim, 48, has been accused by Federal authorities of embezzling money from his clients over the last four years, and said authorities claim he informed clients that he was taking money from their accounts to invest mainly in low-risk municipal bonds, according to the Complaint.

The Peiffer Rosca Wolf securities lawyers are currently investigating Michael J. Oppenheim for allegedly embezzling client funds, and believe they may be able to assist some of his former customers seek compensation for their losses.

Former JPMorgan Chase broker Michael J. Oppenheim Allegedly Used Client Money to Pay Down the Mortgage on his New Jersey Home, Make Unprofitable Options Trades

Michael J. Oppenheim allegedly used about $20 million in client money to make unprofitable options trades and even went so far as to pay down the mortgage on his New Jersey home, according to a Federal Criminal Complaint currently under review by attorneys Joe Peiffer and Alan Rosca.

Oppenheim, to cover up his fraud, and ensure that he could continue it, took steps to hide his theft from his customers, including creating fake account statements and transferring money from one customer’s account to another’s to replenish amounts he had stolen earlier, according to said Complaint.

In engaging in his scheme, Oppenheim allegedly violated sections of the Securities Exchange Act, according to the Complaint.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of embezzlement. They are currently investigating Michael J. Oppenheim for allegedly embezzling customer funds. 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 Michael J. Oppenheim for allegedly embezzling customer funds may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

ThePeiffer Rosca Wolf securities lawyers believe they may be able to assist some of his former customers seek compensation for their losses.

Alan Rosca (1225 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.