Goodman & Nekvasil P.A., May Recover Investor Losses | Patricia S. Miller (Patricia Miller), Financial Advisor Barred from Securities Industry and Guilty of Wire Fraud
From 2010 until Patricia Miller’s discharge in 2014, Patricia Miller worked for Investors Capital Corp. According to FINRA’s records, Patricia Miller was discharged from Investors Capital Corp. on May 21, 2014. Investors Capital Corp. reported to FINRA that Patricia Miller was accused of misappropriation of funds, borrowing money from customers, fraudulent investment activity and creating false documents. Investors Capital Corp. reported this matter to the SEC and U.S. Attorney’s Office.
Subsequent to Patricia Miller’s firing by Investors Capital Corp., Patricia Miller pled guilty to felony wire fraud on March 31, 2015. The SEC reported to FINRA that the counts of the criminal indictment to which Patricia Miller pled guilty alleged, inter alia, that from approximately January 2002 through May 2014, Patricia Miller defrauded customers and obtained over $2.5 million in money and property by means of materially false and fraudulent pretenses, representations and promises concerning purported investments that Patricia Miller never made on behalf of Patricia Miller’s customers. According to FINRA, Patricia Miller was sentenced to six years imprisonment followed by three years of supervised release. According to FINRA, the court also ordered that Patricia Miller make restitution to Patricia Miller’s victims in the amount of 2.5 million.
FINRA reports that 26 complaints and/or arbitration claims were filed involving Patricia Miller’s conduct with Investors Capital Corp. and/or Janney Montgomery Scott LLC, alleging fraud, unsuitable investments, churning, misappropriation and/or other allegations. These complaints and/or arbitration claims all settled, with the three largest settling for $686,000, $325,000 and $210,000.
If you lost any money on investments with Patricia Miller, or if funds were misappropriated from you, you may be able to recover your losses from Investors Capital Corp. This is because Investors Capital Corp. had a duty to supervise Patricia Miller.
If you lost money on investments with Patricia Miller and believe the investments may have been unsuitable or otherwise improper for you, or if funds were misappropriated from you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Investors Capital Corp. concerning Patricia Miller’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.
Goodman & Nekvasil, P.A. has recovered approximately $170 million on behalf of victimized investors. If you lost money on investments with Patricia Miller, or if funds were misappropriated from you, 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.