Broker Under Scrutiny for Allegedly Receiving Misappropriated Funds
According to FINRA BrokerCheck, stockbroker Christopher Michael Zelesnick (CRD#: 1257500) has a pending customer dispute for his alleged involvement in a “fraudulent scheme orchestrated by others from 2013 to 2017.” Plaintiffs are requesting damages in the amount of $7,250,000 for a scheme which resulted in the defendants knowingly (or with a reckless disregard for the truth) receiving misappropriated funds. Zelesnick is one of twelve (12) named defendants who were allegedly involved in making fraudulent transfers and conversion.
In 1994, a customer dispute against Zelesnick was settled in the plaintiff’s favor. After arbitration, Mr. Zelesnick was found liable for damages of $1,400. The dispute arose out of allegations of misrepresentation, the omission of facts, and failure to supervise broker.
As of the time of the publishing of this article, Mr. Zelesnick was currently employed with Allstate Insurance Company. Prior to his employment with Allstate, he worked for LPL Financial LLC, B.C. Ziegler and Company, Advisors Asset Management, Inc., as well as several other firms. Zelesnick is a licensed broker in three (3) states: New Jersey, West Virginia, and Pennsylvania. He has passed multiple state, general and supervisory exams including Series 65 – Uniform Investment Adviser Law Examination, SIE – Securities Industry Essentials Examination and Series 8 – General Securities Sales Supervisor Examination.
If you believe that you have suffered losses as a result of your financial advisor’s wrongdoing, you may be able to recover damages through a FINRA arbitration. Contact Levin Law immediately at (855) 964-0960 or at co*****@le********.com for a free, no-obligation case consultation.
