A barred broker was charged this month in federal court in New York with defrauding his former clients of more than $400,000 that he used to pay personal expenses, including casino gambling debts and credit card bills, according to the Department of Justice.
The broker, Apostolos Pitsironis, is a 22-year industry veteran and most recently was employed from 2018 to 2019 by Janney Montgomery Scott in Melville, New York, according to his BrokerCheck report.
Pitsironis transferred $411,000 from the investment account of a couple whose portfolio he managed directly into bank accounts he controlled, and later, used this money to pay his familys personal expenses, according to the Department of Justice.
Deveraux L. Cannick, Pitsironis attorne…
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