After admitting to embezzling roughly $20 million during trial, former J.P. Morgan Chase & Co. investment adviser Michael Oppenheim was sentenced to serve five years in prison.
Oppenheim was accused of taking money from his clients’ accounts in order to trade in various stock options and fund his addiction to gambling. U.S. District Judge Analisa Torres ordered Oppenheim to forfeit $20.2 million in order to pay restitution after he pleaded guilty to securities fraud and embezzlement charges in November.
In March of 2015, Oppenheim was fired by J.P. Morgan.
Our security fraud lawyers at Meyer Wilson have been investigating claims against Michael Oppenheim for the past year. We are well aware of the situations involved in this case. Our investigations also include determining if there were supervisory errors on behalf of JPMorgan.
If you invested and lost money with former J.P. Morgan adviser Michael Oppenheim, contact our firm and learn if you have the right to file a claim. It is our goal to make sure our clients understand their rights as we work to help them recover their losses. Schedule your free consultation today to discuss your potential claim.
You can learn more about this case by reading the below blogs: