William Daniel Bucci Pleads Guilty to Securities Fraud — Goodman & Nekvasil P.A, May Recover Your Investment Losses

Goodman & Nekvasil P.A, May Recover Your Investment Losses - William Daniel Bucci Pleads Guilty to Securities Fraud 

William Bucci was licensed with Financial Network Investment Corporation from August 2011 to May 2012. William Bucci was formerly licensed with Oppenheimer & Co., Inc. from April 2007 to August 2011. The Securities and Exchange Commission (“SEC”) reports that on June 8, 2016, William Bucci pled guilty to one count of securities fraud, four counts of mail fraud, and one count of mortgage fraud. According to the SEC, the counts of the criminal indictment to which William Bucci pled guilty alleged that, from 2003 to 2011, William Bucci conducted schemes in which William Bucci defrauded individuals out of more than $3.2 million. William Bucci solicited certain of William Bucci’s brokerage customers to provide William Bucci funds, promising a 10% rate of return, that William Bucci claimed would be used to start a business to import olive oil and wine from Italy. The indictment alleged that no such business existed and that William Bucci used a majority of those funds for William Bucci’s own purposes. In addition, the indictment alleged that William Bucci solicited what William Bucci described as loans from friends and associates based on false statements about William Bucci’s ultimate ability to repay the loans. The SEC subsequently barred William Bucci from the securities industry.

On April 24, 2017, William Bucci was sentenced to 6 ½ years in federal prison, 5 years of supervised release after William Bucci’s prison term, and to pay more than $3 million in restitution to the victims and the IRS. William Bucci’s prison term commenced June 23, 2017.          

If you lost any money on promissory notes or other investments with William Bucci, you may be able to recover your losses from Oppenheimer & Co., Inc. and/or Financial Network Investment Corporation. This is because Oppenheimer & Co., Inc. and Financial Network Investment Corporation had a duty to supervise William Bucci.

If you lost money on promissory notes or other investments with William Bucci, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Oppenheimer & Co., Inc. and Financial Network Investment Corporation concerning William Bucci's conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on lost money on promissory notes or other investments with William Bucci and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.    

 

Keywords: William Daniel Bucci, Daniel Bucci, William Bucci, Will Bucci, Bucci, Financial Network Investment Corporation, Oppenheimer, Securities, Investment, Securities Attorney, Attorney, 

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