Robert Tricarico Sentenced to 41 Months in Prison
Meyer Wilson’s securities fraud attorneys have been investigating claims against Robert N. Tricarico (CRD# 1500863), formerly a broker at LPL Financial LLC.
We previously reported on former LPL Financial LLC broker Robert N. Tricarico (CRD# 1500863) in June of 2015. Tricarico was dismissed from LPL Financial LLC in December of 2014, and was sentenced to 41 years in prison on October 5, 2016 after he pled guilty to wire fraud for stealing over $1.2 million from a former client.
According to statements and court documents, Tricarico acted as the financial advisor for a frail and elderly client who possessed significant assets. Between January of 2010 and June of 2013, he stole more than $1.1 million from his victim by writing checks to himself or for his own benefit without his client’s authorization. In addition, Tricarico misappropriated checks made out to his client and also liquidated his client’s coin collection all for his own monetary benefit.
Tricarico defrauded two more victims of another $20,000 by convincing them that their investment would be used for a business venture with a guaranteed rate of return. Their funds were then used for Tricarico’s personal monetary benefit.
United States District Judge Michael P. Shea ordered Tricarico to pay $1,220,763.90 in restitution. He was remanded to the custody of the United States Marchals Service following the conclusion of the trial to begin serving his sentence.
Contact the securities fraud lawyers at Meyer Wilson if you lost money investing with former LPL Financial LLC broker Robert Tricarico. Our attorneys handle all cases on a contingency fee basis and won’t charge you any legal fees until we can assist you in recovering your losses. Fill out our online form to tell us about your case today.