Financial advisor stole $5M from family, feds say

By Thomas Moriarty | NJ Advance Media for NJ.com
on February 03, 2017 at 4:58 PM, updated February 03, 2017 at 5:58 PM

NEW YORK — A Morris County man was arrested by federal agents Friday morning in connection with allegations he stole more than $5 million from clients of his wealth management practice.

Barry Connell, of Chester, was expected to appear Friday afternoon in Manhattan federal court on charges of wire fraud and aggravated identity theft, according to the office of U.S. Attorney Preet Bharara.

Federal prosecutors said Connell, 50, had been arrested that morning in Henderson, Nevada on a criminal complaint filed by the FBI.

Yahoo Finance reported Connell had worked in the Ridgewood office of Morgan Stanley, which fired him November 2016.

https://www.nj.com/morris/index.ssf/2017/02/wealth_manager_from_nj_stole_5m_from_clients_feds.html#incart_river_index