N.J. investment adviser who lost 0K of client's savings is sentenced to federal prison
A 49-year-old New Jersey investment adviser who lied and defrauded a client of $600,000 has been sentenced to two-and-a-half years in federal priso...
February 9, 2023
3:12 AM
A 49-year-old New Jersey investment adviser who lied and defrauded a client of $600,000 has been sentenced to two-and-a-half years in federal prison, prosecutors said. Gonzalo Ortiz, of Hackensack, made poor trading decisions and lost the client's money between April 2015 and May 2017, the U.S. Attorney for the Eastern District of New York said in a statement. During that time Ortiz told the victim the investments were earning money and sent him false financial statements, authorities said.
Jeff Goldman