{"id":4889,"date":"2018-02-26T15:50:01","date_gmt":"2018-02-26T21:50:01","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4889"},"modified":"2022-03-22T15:57:55","modified_gmt":"2022-03-22T20:57:55","slug":"ex-wells-fargo-broker-barred-alleged-180k-elder-financial-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-wells-fargo-broker-barred-alleged-180k-elder-financial-fraud\/","title":{"rendered":"Ex-Wells Fargo Broker Barred for Alleged $180K Elder Financial Fraud"},"content":{"rendered":"

\t\t\t\tThe Financial Industry Regulatory Authority has barred Jeffrey Palish, an ex-Wells Fargo (WFC) broker in the wake of allegations of senior investor fraud. The regulator is accusing him of stealing over $180K from an elderly client with no plans or means of paying her back.<\/p>\n

Palish was let go by the firm last year after an internal probe found that he had made misstatements about these transactions. He was arrested last week in New Jersey and charged with theft by deception involving over $75K.<\/p>\n

According to prosecutors, Palish may have stolen at least $600K from elderly clients and failed to pay back a $100K loan from two clients. NorthJersey.com <\/em>reports that Palish took clients\u2019 money by selling their stock holdings and putting the funds from those sales into a bank account in which he deposited checks from clients. He also is accused of making more than three dozen unauthorized wire transfers of about $300K in total to pay his credit card bills.<\/p>\n

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

The Financial Industry Regulatory Authority has barred Jeffrey Palish, an ex-Wells Fargo (WFC) broker in the wake of allegations of senior investor fraud. The regulator is accusing him of stealing over $180K from an elderly client with no plans or means of paying her back. Palish was let go by the firm last year after […]<\/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":[3773,3752,3759,3741,3803,3836],"tags":[2956,3001,3002],"class_list":["post-4889","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-financial-firms","category-reits","category-securities-fraud","category-senior-investors","category-wells-fargo","tag-fraud","tag-senior-investor-fraud","tag-western-international-securities"],"yoast_head":"\nEx-Wells Fargo Broker Barred for Alleged $180K Elder Financial Fraud | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority has barred Jeffrey Palish, an ex-Wells Fargo (WFC) broker in the wake of allegations of senior investor fraud. 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The regulator is accusing him of stealing over $180K from an elderly client with no plans or means of paying her back.\" \/>\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=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ex-Wells Fargo Broker Barred for Alleged $180K Elder Financial Fraud | SSEK Law Firm Blog","description":"The Financial Industry Regulatory Authority has barred Jeffrey Palish, an ex-Wells Fargo (WFC) broker in the wake of allegations of senior investor fraud. 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