Feds charge New York adviser with embezzlement
The adviser, Adam Belardino, had managed the victim’s investments before he founded Maddox Group in July 2019 and persuaded her to transfer $313,000 to Maddox.
Adam Belardino, CEO of Maddox Group, a financial advisory firm with offices in New York City and other locations, was charged last week with wire fraud in connection with his embezzlement of more than $313,000 from a client, a 64-year-old resident of New Rochelle, New York.
According to a state
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