Felonious Former Darien Financial Advisor Again Charged with Fraud

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Former Darien financial advisor Robert Tricarico, 63, already convicted of bilking one elderly victim out of $1.2 million, was charged by Darien police with bilking an 82-year-old Darien woman out of $25,000.

Darien police described what happened with this account, including accusations not proven in court:

Robert Tricarico

Arrest photo from Darien P.D.

Robert Tricarico, 63, of Cloverly Place in Norwalk, charged with first-degree larceny.

Until April 2015, Tricarico was a registered securities broker with the Financial Industry Regulatory Authority, according to federal court records in an unrelated case. He formerly worked or was associated with various financial firms, including RNT Wealth Management, Northstar Wealth Partners, LPL Financial, and Wells Fargo Advisors Financial Network.

The woman, now 82, told police on June 21, 2016 that she had loaned Tricarico, her financial advisor, $25,000 to help him start his own financial management company.

A promissory note, outlining the terms of the loan, stated that monthly payments to the woman would be made, with the loan entirely repaid by April 26, 2016. The victim told police she never received any payments.

She also told police that she never told anyone about the unpaid loan until she discovered that Tricarico had pleaded guilty in federal court to wire fraud and the misappropriation of more than $1.1 million from another elderly client.

(On Oct. 5, 2016, Tricarico was sentenced to 41 months in prison for defrauding that client and two other people of $20,000.)

The victim attempted to contact Tricarico numerous times, unsuccessfully. The victim’s nephew made contact with Tricarico, who told him on several occasions he would repay the loan with interest. As of the date of the report, no money had been paid back to the victim.

Police sought and received an arrest warrant charging Tricarico, now a resident of Cloverly Circle in Norwalk, with first-degree larceny.

On Sept. 4, police were told Tricarico was appearing in state Superior Court in Norwalk.

Tricarico had been arrested on July 26, 2016 by Westport police on a charge of has second-degree larceny, according to the Connecticut Judicial Branch website. On Dec. 8, 2016, he was charged with failure to appear in court. Both charges are felonies. Westport criminal cases typically are decided in state Superior Court in Norwalk.

Darien police went to the Norwalk court and arrested him. He was held on a $50,000 bond and taken to state Superior Court in Stamford the next day.

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