Former LPL rep pleads guilty to stealing $1M from elderly clients
A former broker who was fired by LPL Financial pleaded guilty yesterday to charges that he stole more than $1 million from several clients.
A former broker who was fired by LPL Financial pleaded guilty yesterday to charges that he stole more than $1 million from several clients.
Christopher Brooks Mintz, 34, who worked as a rep in Cary, N.C., will be sentenced Dec. 7, according to the U.S. Attorney’s Office in Raleigh.
He was accused of transferring securities owned by two elderly clients into his own account, selling the securities and then wiring the cash to his personal bank account.
The theft occurred from December 2005 to October 2008.
Mr. Mintz was fired by LPL in January after a customer complained about the theft, according to Financial Industry Regulatory Authority Inc. registration records.
Amy Auth, a spokeswoman for LPL, was not immediately available for comment.
Mr. Mintz once ran for state treasurer and a seat in the North Carolina General Assembly, according to WRAL.com, the website of WRAL-TV in Raleigh.
Learn more about reprints and licensing for this article.