Robert E. Lee, Jr. Charged with Defrauding Investors Through a Ponzi Scheme
Robert E. Lee, Jr., a broker and financial advisor formerly associated with Rockwell Global Capital, LLC, defrauded a number of investors via a Ponzi scheme, according to a criminal complaint filed in federal court.
Lee, who lives in Oxford, Connecticut, defrauded individuals by claiming that he was investing their money in a number of different investments between January 2011 and March 2014, according to the complaint. However, Lee held the money in his own personal bank account and used the money for personal expenses and to make payments to other investors as distributions for their investments, according to the complaint.
Lee provided investors with false account statements in order to conceal the scheme, according to the complaint
Lee was barred from the securities industry by the Financial Industry Regulatory Authority on August 19, 2013 in connection with claims that he failed to follow a customer’s instructions regarding the purchase of securities and made material misrepresentations and omissions to the customer regarding the status of certain investments.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.