Thursday
March 15, 2018

New charges against former Monroe County financial advisor


Diaz

SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Anthony Diaz, 48, of East Stroudsburg, was charged in a superseding indictment with additional charges of mail and wire fraud.

Diaz, who was a financial advisor, was originally indicted on May 12, 2016, and charged with six counts of wire fraud by using false and misleading statements and misrepresentations to induce his clients to purchase high risk and/or otherwise unsuitable investment products, through which Diaz received substantial fees and commissions to which he was not entitled.  Today’s superseding indictment added five    counts of mail and wire fraud and additional victims.

Diaz allegedly operated the scheme between approximately 2006 and 2015, while he was a registered representative and/or a certified financial planner associated with financial investment firms. 

The new indictment charges Diaz with seven counts of wire fraud and four counts of mail fraud.  Each count relates to an interstate wire transmission or interstate mailing concerning investments made in connection with the fraud scheme, totaling approximately $611,000 investments, between December 2012 and May 2014.

Diaz faces up to 30 years in federal prison.


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