Seal of the Department of Justice 6-17-16

Former Darien Financial Advisor Sentenced to 41 Months for Stealing $1.2M

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Robert N. Tricarico, 60, formerly of Darien and later a Milford resident, was sentenced today [Wednesday] by U.S. District Judge Michael P. Shea in Hartford to 41 months of imprisonment, followed by three years of supervised release, for stealing for than $1.2 million from an elderly client. Until April 2015, Tricarico was a registered securities broker with the Financial Industry Regulatory Authority. He was formerly employed or associated with various financial firms, including RNT Wealth Management, Northstar Wealth Partners, LPL Financial, and Wells Fargo Advisors Financial Network. According to court documents and statements made in court, from January 2010 to June 2013, Tricarico acted as a financial advisor for an elderly and infirm victim who had substantial assets. _____________

— This is an announcement from the U.S. Attorney’s Office for Connecticut.

Seal of the Department of Justice 6-17-16

Former Darien Financial Advisor Admits to Stealing More than $1.2 Million from Elderly Client

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Robert N. Tricarico, 60, of Milford and formerly of Darien, waived his right to indictment and pleaded guilty yesterday in Hartford federal court to one count of wire fraud related to his misappropriation of more than $1.2 million from an elderly client. Until April 2015, Tricarico was a registered securities broker with the Financial Industry Regulatory Authority.  He was formerly employed or associated with various financial firms, including RNT Wealth Management, Northstar Wealth Partners, LPL Financial, and Wells Fargo Advisors Financial Network. _______________

— an announcement from the U.S. Attorney’s Office for Connecticut

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According to court documents and statements made in court, from January 2010 to June 2013, Tricarico acted as a financial advisor for an elderly and infirm victim who had substantial assets. Tricarico misappropriated more than $1.1 million from the victim by writing numerous checks to himself or for his benefit without the victim’s authorization. Tricarico also liquidated a coin collection belonging to the victim, and he misappropriated checks made payable to the victim.