Ex-JPMorgan Broker Gets Five Years for Gambling Funds Away
- Oppenheim once had 500 clients, managed almost $90 million
- Broker racked up losses betting on NFL games, online sports
Michael Oppenheim, a former JPMorgan Chase & Co. broker, exits federal court in New York, on, Nov. 5, 2015.
Photographer: Louis Lanzano/BloombergThis article is for subscribers only.
A former JPMorgan Chase & Co. broker who said he stole millions of dollars from customers because his brain was “hijacked” by an addiction to sports gambling was sentenced to five years in prison.
Michael Oppenheim, who at one point had about 500 clients and almost $90 million under management at JPMorgan, got so deeply in debt that, according to his lawyer, even his bookie expressed sympathy for him.