Update: Michael Oppenheim

On Tuesday, Michael Oppenheim, a former broker with JP Morgan Chase, was sentenced to five years in prison. Oppenheim pleaded guilty in November to embezzling at least $20 million from clients to fund a gambling addiction. He was ordered to pay $2.2 million in restitution to JP Morgan. Oppenheim worked in midtown Manhattan. Oppenheim was registered with Merrill Lynch, Prudential Securities, Chase Investment Services, Wachovia, Chase and JP Morgan in New York, New York from October 2012 until April 2015. He has one customer dispute against him, is not licensed and the Financial Industry Regulatory Authority (FINRA) has permanently barred him from the industry.

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