Ex-JPMorgan Broker Admits Stealing $22 Million for Gambling
- Michael Oppenheim pleads guilty in Manhattan federal court
- Ex-broker also used investor money to pay bills, trade stocks
This article is for subscribers only.
A former JPMorgan Chase & Co. broker admitted he stole more than $22 million from customer accounts and used the money to gamble on sporting events, pay his bills, and trade stocks online.
Michael Oppenheim, 49, pleaded guilty Thursday in Manhattan federal court to securities fraud and embezzlement, part of a scam that targeted 10 of his wealthiest clients beginning in 2008.