{"id":19862,"date":"2021-07-21T05:00:35","date_gmt":"2021-07-21T10:00:35","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19862"},"modified":"2021-07-20T10:52:05","modified_gmt":"2021-07-20T15:52:05","slug":"ex-lpl-financial-broker-facing-jail-sentence","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/","title":{"rendered":"Former LPL Broker Paul McGonigle is Accused of Defrauding Investors"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Ex-Middleboro, Massachusetts LPL Financial Advisor Could Be Sentenced to 20 Years in Prison<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Paul Richard McGonigle, a former LPL Financial broker, has been arrested for allegedly stealing clients\u2019 retirement assets, including older investors. He is charged with aggravated identity theft, mail fraud, and multiple counts of wire fraud. McGonigle could spend 20 years behind bars if convicted.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to prosecutors, starting in July 2018, McGonigle caused unauthorized withdrawals from clients\u2019 annuities and persuaded some of them to allow him to invest their funds. Instead, the broker allegedly used their money to pay for his expenses.\u00a0 He is accused of posing as his victims during calls with annuity companies and signing as them on forms asking for the annuity withdrawals.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/\"  title=\"Continue Reading Former LPL Broker Paul McGonigle is Accused of Defrauding Investors\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Middleboro, Massachusetts LPL Financial Advisor Could Be Sentenced to 20 Years in Prison Paul Richard McGonigle, a former LPL Financial broker, has been arrested for allegedly stealing clients\u2019 retirement assets, including older investors. He is charged with aggravated identity theft, mail fraud, and multiple counts of wire fraud. McGonigle could spend 20 years behind bars [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19863,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3783,3877],"tags":[4196,3067,4581],"class_list":["post-19862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-misconduct","category-lpl-financial","tag-broker-misconduct","tag-lpl-financial","tag-paul-mcgonigle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ex-LPL Financial Broker Facing Prison Sentence for Defrauding Investors | SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"Ex-LPL Financial broker Paul McGonigle is facing up to 20 years in prison for identity theft and wire fraud. Learn more about this case.\" \/>\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\/ex-lpl-financial-broker-facing-jail-sentence\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-LPL Financial Broker Facing Prison Sentence for Defrauding Investors | SSEK Law Firm\" \/>\n<meta name=\"twitter:description\" content=\"Ex-LPL Financial broker Paul McGonigle is facing up to 20 years in prison for identity theft and wire fraud. 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Learn more about this case.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/07\/jack-young-ia14r9mE44I-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Former LPL Broker Paul McGonigle is Accused of Defrauding Investors","datePublished":"2021-07-21T10:00:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/"},"wordCount":399,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/07\/jack-young-ia14r9mE44I-unsplash-1.jpg","keywords":["broker misconduct","LPL Financial","Paul McGonigle"],"articleSection":["Broker Misconduct","LPL Financial"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/","url":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/","name":"Ex-LPL Financial Broker Facing Prison Sentence for Defrauding Investors | SSEK Law Firm","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-facing-jail-sentence\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/07\/jack-young-ia14r9mE44I-unsplash-1.jpg","datePublished":"2021-07-21T10:00:35+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Ex-LPL Financial broker Paul McGonigle is facing up to 20 years in prison for identity theft and wire fraud. 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