Joseph Zada, a former financial advisor, was convicted of fifteen counts of fraud after allegedly swindling millions from twenty-eight investors. One of Zada's most notable clients was former NHL Red Wing player, Sergei Fedorov. Over an 11 year period, Zada allegedly embezzled $43 million from Fedorov. In 2009, Fedorov filed suit against Zada and ended up with a $60 million award. The award was never paid back to Fedorov. Sentencing for Zada will take place on November 20, 2015 and he faces a maximum 300 year prison sentence.
If you believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.
To read more, please visit: http://www.mypalmbeachpost.com/news/news/local/joe-zada-convicted-of-15-counts-of-mail-fraud-in-2/nnXkx/