Broker Sunil Sharma Steals More than $6 Million from Investors

Sunil Sharma, a former stockbroker in Carlsbad, California, pleaded guilty in federal court to swindling more than $6 million from investors in a long-running ponzi scheme. He day-traded client money in very risky strategies and when those went south, Sharma turned the scam into a ponzi scheme. Sharma then allegedly told investors that their investments were doing well. He sent them false quarterly statements that showed promising returns of their funds. All the while, he was diverting $2.5 million of client money to himself, to fund things such as a cruise in the Mediterranean, two expensive cars and a down payment on a $2 million home.

If you were a victim of Sunil Sharma, please call Stoltmann Law Offices at 312-332-4200 to speak to an attorney. We may be able to help you recover your investment losses. The call is free with no obligation and attorneys are standing by.

CNBC
FOX Business
The Wall Street Journal
Bloomberg
CBS
FOX News Channel
USA Today
abc NEWS
DATELINE
npr
Contact Information