Sunday, October 9, 2016

Former Darien advisor gets prison for bilking elderly client of $1.2m

A former Darien resident received a 41 month prison sentence Wednesday, after his conviction of stealing more than $1 million from an elderly Weston client.

Robert N. Tricarico, 60, ran RNT Wealth Management, which had an office in Westport, and was employed by or associated with several other firms including LPL Financial, Wells Fargo and briefly Northstar Wealth Partners. Between 2010 and 2013 Tricarico misappropriate more than $1.1 million from the late Emily Anderson by writing checks to himself or for his benefit without the authorization of his client. Tricarico also liquidated a coin collection belonging to his client, according to the office of U.S. Attorney Deirdre Daly.

Tricarico pleaded guilty in June to one count of wire fraud, at the time living in Milford. He was remanded to the U.S. Marshals Service to begin serving his sentence and was ordered to pay full restitution.

Full Article & Source:
Former Darien advisor gets prison for bilking elderly client of $1.2m

1 comment:

Betty said...

He wrote checks to himself? How bold is that? It's also proof positive that he stole the money.