Former INVEST Financial Corporation Financial Advisor Roger Kroeger Charged with Embezzlement and Money Laundering
Posted on Monday, January 29th, 2018 at 1:32 pm
Erez Law is currently investigating former INVEST Financial Corporation financial advisor Roger Kroeger (CRD# 1526864) regarding embezzlement and money laundering in an elderly client’s account. Kroeger was registered with INVEST Financial Corporation in Ft. Lauderdale, Florida from 1990 to 2017, when he was terminated regarding, “Representative admitted to facilitating a loan to his sister from a senior client, and was subsequently charged with multiple felony offenses in connection with these circumstances.”
In November 2017, Kroeger was arrested and faces felony charges of exploitation of elderly $100,000 or more; grand theft first degree >$100000 or leo semi-trlr; obtain property over 50000 dollars by fraud; fraud-money launder trans $100,000 or more; grand theft >$20,000 < $100,000; and fraud-utter false instrument. The embezzlement and money laundering charges relate to a customer complaint from 92 year old woman who noticed irregularities and $300,000 missing in her investment account.
Kroeger has been the subject of one customer complaint, according to his CRD report:
December 2017. “Representative misappropriated cash funds.” The customer is seeking $5,000 in damages and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, INVEST Financial Corporation may be liable for investment or other losses suffered by Kroeger’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.