{"id":1627,"date":"2015-04-16T17:56:29","date_gmt":"2015-04-16T17:56:29","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/04\/former_jpmorgan_chase_investme"},"modified":"2022-07-22T08:40:57","modified_gmt":"2022-07-22T13:40:57","slug":"former-jpmorgan-chase-investme","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-jpmorgan-chase-investme\/","title":{"rendered":"Former JPMorgan Chase Investment Adviser Faces Criminal and Civil Charges for Allegedly Stealing $20M from Clients"},"content":{"rendered":"

Michael Oppenheim, an ex-JPMorgan Chase (JPM) <\/a>investment adviser, was arrested this week and charged with bilking clients of at least $20 million. Oppenheim worked for the firm from 2002 until March of this year.<\/p>\n

Authorities claim that starting as early as 2011, Oppenheim convinced clients to allow him to take money out of their accounts to invest in low-risk municipal bonds. Instead, he allegedly used the funds to get cashier’s checks that he put into brokerage accounts that he controlled. He also used the money to trade options and stocks in different companies.<\/p>\n

Because his options trading activities were generally unprofitable, most of his investments lead to losses. By last year he’d lost some $13.5 million. Oppenheim was also purportedly using client money to pay for a home loan and cover bills. He is accused of concealing his embezzelment by using fraudulent client statements and transferring funds among his clients.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Michael Oppenheim, an ex-JPMorgan Chase (JPM) investment adviser, was arrested this week and charged with bilking clients of at least $20 million. Oppenheim worked for the firm from 2002 until March of this year. Authorities claim that starting as early as 2011, Oppenheim convinced clients to allow him to take money out of their accounts […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3797],"tags":[],"class_list":["post-1627","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-j-p-morgan-chase"],"yoast_head":"\nFormer JPMorgan Chase Investment Adviser Faces Criminal and Civil Charges for Allegedly Stealing $20M from Clients — Investor Lawyers Blog — April 16, 2015<\/title>\n<meta name=\"description\" content=\"Michael Oppenheim, an ex-JPMorgan Chase (JPM) investment adviser, was arrested this week and charged with bilking clients of at least $20 million. — April 16, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/former-jpmorgan-chase-investme\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Former JPMorgan Chase Investment Adviser Faces Criminal and Civil Charges for Allegedly Stealing $20M from Clients — Investor Lawyers Blog — April 16, 2015\" \/>\n<meta name=\"twitter:description\" content=\"Michael Oppenheim, an ex-JPMorgan Chase (JPM) investment adviser, was arrested this week and charged with bilking clients of at least $20 million. — April 16, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Former JPMorgan Chase Investment Adviser Faces Criminal and Civil Charges for Allegedly Stealing $20M from Clients — Investor Lawyers Blog — April 16, 2015","description":"Michael Oppenheim, an ex-JPMorgan Chase (JPM) investment adviser, was arrested this week and charged with bilking clients of at least $20 million. — April 16, 2015","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/former-jpmorgan-chase-investme\/","twitter_card":"summary_large_image","twitter_title":"Former JPMorgan Chase Investment Adviser Faces Criminal and Civil Charges for Allegedly Stealing $20M from Clients — Investor Lawyers Blog — April 16, 2015","twitter_description":"Michael Oppenheim, an ex-JPMorgan Chase (JPM) investment adviser, was arrested this week and charged with bilking clients of at least $20 million. — April 16, 2015","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/former-jpmorgan-chase-investme\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/former-jpmorgan-chase-investme\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Former JPMorgan Chase Investment Adviser Faces Criminal and Civil Charges for Allegedly Stealing $20M from Clients","datePublished":"2015-04-16T17:56:29+00:00","dateModified":"2022-07-22T13:40:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/former-jpmorgan-chase-investme\/"},"wordCount":347,"articleSection":["Financial Firms","J P Morgan - 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