Former broker John D’Auria pleads guilty to fraud

On October 27, 2015 the Securities and Exchange Commission issued an Order instituting administrative proceedings pursuant to section 15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the Investment Advisors Act of 1940 against John D’Auria.

On July 13, 2015, D’Auria pled guilty to one count of wire before the United States District Court for the District of Connecticut, in United States v. John D’Auria, Case No. 3:15-cr-00121-MPS. On July 13, 2015, the U.S. District Court Judge accepted D’Auria’s guilty plea.

In response to the SEC’s action, John D’Auria submitted an offer of settlement which the SEC accepted. In the offer of settlement D’Auria admitted that beginning in or about 2010 and continuing to in or about 2014, D’Auria engaged in a scheme to defraud investors by failing to invest the funds as represented and by using the majority of the investment funds for his personal use. D’Auria also provided some investors with false valuation numbers and false documentation that fraudulently suggested that the investors’ investments had appreciated in value, while D’Auria knew this information was false. As a result of D’Auria’s fraudulent scheme, D’Auria defrauded investors of approximately $2.4 million.

From March 2009 through December 2011, John D’Auria was a registered representative of Harvest Capital LLC. D’Auria was previously a registered  representative with MML Investors Services, Inc. from January 2008 through December 2008, and Ameriprise Financial Services, Inc.from June 2006 through December 2007.

According to FINRA’s CRD disclosure report, John D’Auria has been the subject of a criminal complaint and a regulatory investigations.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery and our securities attorneys have successfully resolved over 1000 investment loss cases over the past 20 years. Recoveries for clients top $40 million. The types of claims we have successfully handled include those involving unsuitable investments (suitability claims), excessive trading or “churning”, misrepresentations and omissions, unauthorized trading, over-concentration of illiquid or overly risky investments, pump and dump scams involving “penny stocks”, direct participation programs (private placements) involving real estate investment trusts (REITS), oil and gas exploration programs, leasing equipment deals and receivable financing, promissory notes whether sold through a broker dealer or as part of the outside business activities of a registered representative, ponzi scheme losses, failure on the part of the broker dealer to perform due diligence, state securities law (blue sky) violations and failure to supervise.

If you have suffered investment losses please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation