Ex-Oppenheimer Broker To Pay $8M For Fraud
The three-judge panel ruled that Stephen Toussaint took advantage of Doris Pitera and her now-deceased husband William Pitera by manipulating their brokerage account to create commissions for himself.
The panel also found that after learning William Pitera suffered from Alzheimer’s disease, Toussaint began forging documents to misappropriate funds, capitalizing on Pitera’s “confused state and mental incapacity.”
The judges ordered Toussaint...
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