Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Former Broker Evan Kochav Sentenced to 8 Years

Meyer Wilson conference room banner image 1

In March of 2015, we posted a blog regarding the indictment and charges against former World Equity Group broker Evan Matthew Kochav (CRD# 4707447). At the time, he was accused of “violating firm policies and engaging in prohibited activities.”

Specifically, Kochav was accused of controlling customers’ brokerage accounts and allegedly stealing $561,000 that he used on his own personal expenses, including gambling. During a FINRA investigation, Kochav was accused of failing to comply and provide necessary information to investigators. Kochav was eventually barred from the securities industry.

Now, Kochav has been sentenced to eight years in prison, five for theft by deception and three for money laundering charges.

Kochav was also accused of transferring money into his wife’s personal accounts for use on dinner, airfare, shopping, and more. After he was caught, he was ordered to pay a $2 million civil penalty, as well as $464,000 after he pleaded guilty on December 16.

If you invested and lost money with former broker Evan Matthew Kochav, you may have the right to take legal action and seek a return of your losses. We encourage you to call our securities fraud lawyers for a free consultation to discuss your case. All of our cases are handled on a contingency fee basis, meaning we don’t charge a fee unless we are able to successfully secure compensation on your behalf.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram