Taking on Fraud at a Financial Institution

A financial advisor working for a massive financial institution stole millions from an 80-year-old widow and her daughters.  The sophisticated fraud scheme unfolded over years, and despite its public assurances of oversight and trustworthiness, the financial institution failed to catch its advisor’s scheme as millions flowed out of the victims’ accounts. 

We took the case on and sought arbitration before FINRA, the Financial Industry Regulatory Authority.  The multi-billion dollar financial institution fought us at every turn, going so far as to blame the widow and her children for failing to uncover a scheme so sophisticated that it outsmarted even the financial instruction’s extensive safeguards.   

The trial began in November 2019.  One week into the trial, as our evidentiary presentation neared its close, the financial blinked and offered a settlement that fully compensated the widow and her daughters for their losses.