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UPDATE! Frederick E. Monroe Pleads GUILTY to Ponzi Scheme


UPDATE! Frederick E. Monroe Pleads GUILTY to Ponzi Scheme

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UPDATE!  Frederick E. Monroe Pleads GUILTY to Ponzi Scheme

Albany Financial Advisor Frederick E. Monroe Pleads Guilty

Running $1 Million Ponzi Scheme


Have you lost money with financial advisor Frederick E. Monroe from Albany, New York?  We are investigating allegations made by the NY Attorney General Eric T. Schneiderman against Fred Monroe.  According to the Times Union Capitol Confidential in June 2015, Monroe was charged with money laundering, grand larceny, and fraud for allegedly running a Ponzi scheme in which more than $1 million was taken.


On December 21, 2015, Monroe pleaded guilty to three counts of grand larceny, money laundering, and fraud.  His case is set for a sentencing hearing on February 16, 2016.


Frederick Monroe, who lives in Queensbury and has an office in Albany, New York, allegedly solicited victims to write personal checks, representing that he would invest their money in bonds.  However, according to the NY Attorney General’s allegations, Monroe instead used the money to pay off earlier investors and to fund his lifestyle.  It was alleged that at least $1 million was not invested as represented.


Frederick E. Monroe was a financial advisor with Voya Financial Advisors from 2006 to the present. Monroe also was affiliated with Capital Financial Planning in Albany, New York.  Bail was set for Fred Monroe at $300,000.


Brokerage firms like Voya Financial Advisors have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.


Israels & Neuman PLC is a national securities and investment fraud law firm with offices in Bellevue and Denver, Colorado.  We represent investors in FINRA arbitration proceedings in all 50 states, and we also represent investors throughout New York, including in Albany, Queensbury, Schenectady, Niskayuna, and many other communities.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James Financial Services, ProEquities, Securities America, National Securities Corp., and many others.

All of our investment loss cases are taken on a contingent basis, meaning that we do not get paid unless we recover money for you.  If you have lost money with Frederick E. Monroe, Capital Financial Planning, or Voya Financial Advisors, please Contact Us.  Our initial consultations are free of charge.




                Denver Office: (720) 599-3505

                Seattle Office: (206) 795-5798

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman


DENVER: (720) 599-3505

SEATTLE: (206) 795-5798

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