New York Attorney General Eric T. Schneiderman Announces Conviction And Sentencing Of Albany Broker For Running Decade-Long, $5 Million Ponzi Scheme - Frederick E. Monroe, Jr., Former Senior Vice President Of Capital Financial Planning, LLC, Sentenced To 5 1/3-16 Years In Prison For Stealing Over $5 Million From Investors - Schneiderman: From The Biggest Financial Institutions To Individual Investment Brokers, My Office Will Continue To Aggressively Investigate And Prosecute Complex Financial Crimes And Securities Fraud

Attorney General Eric T. Schneiderman today announced the conviction and sentencing of Frederick E. Monroe, Jr., 59, of Queensbury, New York, for stealing over $5 million from investors by fraudulently soliciting them to reinvest their retirement monies.  In December 2015, Monroe pleaded guilty in Albany County Court to Scheme to Defraud, Grand Larceny, Money Laundering and Securities Fraud for luring clients with whom he had established relationships with over his 20-year career as a financial planner, and then diverting their monies for his own personal use, as well as to pay back earlier investors he had defrauded. Monroe was sentenced today to 5 1/3-16 years in prison.