April 27, 2011 Comments (0) Blog, Securities Fraud

Recovery of Keith Epstein Fraud Losses

(Last Updated On: July 17, 2015)

Have you suffered investment losses as a result of your dealings with Farmington Hill financial advisor Keith Epstein?  If so, The White Law Group may be able to help.

According to Court Records, as a result of his improper handling of client funds, Mr. Epstein recently pled guilty to bank fraud charges in federal court.  The Court Records further disclosed that Mr. Epstein apparently told clients to liquidate their securities investments and invest the money through him, but rather than invest these funds, Mr. Epstein deposited the money into his own accounts. Additionally, it appears that from 2003 to 2009 Epstein was a regular customer at adult entertainment clubs in Metro Detroit and was a large tipper, paying multiple women several hundred dollars each on any given night.  It also appears that the money paid to dancers was cash provided by Epstein’s clients for investments.

The White Law Group is currently investigating whether Mr. Epstein’s employer failed to properly supervise him with respect to his dealings with the clients affected. Brokerage firms are required to supervise their financial advisors to ensure that the brokers are acting in compliance with FINRA and SEC Rules.  According to his FINRA Broker Report, Mr. Epstein was registered as a financial advisor with Mutual Service Corporation in Farmington Hills, Michigan from 1991 to 2007.

If you have questions about investments you made with Keith Epstein, please contact the White Law Group’s Chicago office at 312-238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

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