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BankrollMob Forum » News » NJ poker player and ex-stock broker sentenced to 8 years, charged with stealing $562K from investors, squandered it on casinos and poker websites.

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NJ poker player and ex-stock broker sentenced to 8 years, charged with stealing $562K from investors, squandered it on casinos and poker websites.

Tags: Evan Kochav, stock broker
Posted on Wednesday, April 06, 2016 by "T".
Evan Kochav, an ex-stock broker and poker player from New Jersey, was sentenced to 8 years in prison on April 1 (Friday) after being found liable of stealing over half a million dollars from his investor clients in his investment company, White Cedar Group. He was also ordered by the judge that he must compensate the people involved who were led to believe that their money was being used for purc[...]   Read more » NJ poker player and ex-stock broker sentenced to 8 years, charged with stealing $562K from investors, squandered it on casinos and poker websites.

  6-Apr-16, 14:13   #1
NJ poker player and ex-stock broker sentenced to 8 years, charged with stealing $562K from investors, squandered it on casinos and poker websites. 0 
pochui 

Joined: May '08
Location: Lithuania
Age: 32 (M)
Posts: 8648
since mr kochav was sentenced to 8 years in prison on april 1st, he can appeal this sentence based on the fact that this sentence was an april fools prank. on the other hand, not sure money was stolen from his customers- it was "invested" into lucrative gambling operation with the sole aim to generate profit for the investors, and as we know any investment carries some degree of risk...

Edited by pochui (Wednesday, April 06, 2016 @ 14:14 GMT)


     
BankrollMob Forum » News » NJ poker player and ex-stock broker sentenced to 8 years, charged with stealing $562K from investors, squandered it on casinos and poker websites.

 
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