Former Chase Investment Services and Wells Fargo Advisors broker Richard Ohrn admitted to faking his own disappearance in the midst of a FINRA investigation alleging thefts from two elderly JP Morgan clients.
According to the bizarre story, Ohrn's troubles began when FINRA accused him of forging signatures of four brokerage customers, including several elderly clients in their 80s. Regulators additionally accused Ohrn of stealing over $15,000 from customers and falsifying other forms, allegedly resulting in several losses, including surrender fees from a variable annuity contract.
Under fire, Ohrn apparently planned to "disappear," renting a boat and steering it out to sea. According to the Palm Beach County Sherriff's Office, once off the Boca Raton coast, Ohrn used a small inflatable boat to return safely to shore while leaving the rental floating in the water, where it was discovered on March 31.
If you have invested with Richard Ohrn, or with any broker or financial adviser who has misappropriated, inappropriately converted or stolen funds from your investment account, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for investigation and consultation.
News: Broker Lost at Sea? No, Just Dodging FINRA Complaint (Bank Investment Consultant)