Articles Tagged with Invest Financial Corporation

Roger Kroeger, a former broker with Invest Financial Corporation in Ft. Lauderdale, Florida, has been accused of misappropriating $300,000 from a 92 year-old woman in Pompano Beach, Florida. Kroeger and his sister have been accused of embezzlement and money laundering of the woman who had been a client of his for over 30 years. Allegedly, two ministers who checked on the woman daily, found suspicious activity on her financial statements including checks written for large amounts. One was for Claudia Mahon, the sister of Roger Kroeger, for $90,000. Kroeger stated that it was a loan from his client to his sister, but the elderly woman stated she had never met Ms. Mahon. A few days later, a cashier’s check for $90,000 marked “loan repayment” arrived for the elderly woman from Ms. Mahon. Allegedly, Kroeger embezzled $290,000 of the woman’s money and put it in his sister’s account. At least $10,000 was used to make improvements on his home. He pleaded guilty to elderly exploitation, organized scheme to defraud, money laundering, grand theft and forging checks.

According to public record with the Financial Industry Regulatory Authority (FINRA), Mr. Kroeger was previously registered with Shearson Lehman Hutton from July 1986 until July 1988, Glenfed Brokerage Services in Glendale, California from April 1989 until September 1990, and Invest Financial Corp in Ft. Lauderdale, Florida from October 1990 until December 2017. He was terminated from Invest for admitting “to facilitating a loan to his sister from a senior client, and was subsequently charged with multiple felony offenses in connection with these circumstances.” He has one criminal pending charge against him, and is not currently registered as a broker within the industry.

Stoltmann Law Offices is investigating Luigi Mancusi, a broker with Oppenheimer & Company in Lake Forest, Illinois. A customer alleged that Mr. Mancusi executed unauthorized transactions. Also, while employed at Wayne Hummer Investments, Mancusi was accused of breaching his fiduciary duty, acting negligently, failing to supervise his representatives, misrepresenting material facts and recommending investments that were suitable and reckless. All of these are against securities rules and regulations.

Mancusi was registered with Investment Network in Franklin Park, Illinois from May 1992 until May 1994, Marketing One Securities in Portland, Oregon from May 1994 until October 1994, Forth Financial Securities in Richmond, Virginia from October 1994 until November 1995, Investment Network in Franklin Park, Illinois from December 1995 until January 2000, Charter One Securities in Cleveland, Ohio from January 2000 until April 2000, Invest Financial Corporation in Tampa, Florida from May 2000 until October 2000, Northern Trust Securities in Chicago, Illinois from April 2000 until November 2002, Vision Investment Services in Rosemont, Illinois from October 2000 until November 2002, and Wayne Hummer Investments in Lake Forest, Illinois from November 2002 until October 2012. He is currently registered with Oppenheimer & Co. in Lake Forest, Illinois and has been since September 2012. He has four customer disputes against him, one of which is currently pending.

If you invested money with Luigi Mancusi, please call our securities law firm in Chicago, Illinois at 312-332-4200 to speak with an attorney. The call is free with no obligation. His firm, Oppenheimer & Co. may be liable for investment losses because they failed to reasonably supervise him. We take cases on a contingency fee basis only, so we only get paid if you recover money.

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