A Look at Former Broker Daniel Kaplan's Fraud Conviction
Former Broker Daniel Kaplan (CRD# 6609015) currently is not registered and previously was registered at Merrill Lynch and IHT Wealth Management LLC.
Earlier this month, Daniel Kaplan and his brother, Adam Kaplan, were convicted of wire fraud conspiracy, wire fraud, investment advisor fraud, and money laundering conspiracy. Those convictions related to a multi-year fraud scheme in which they stole over $10 million. Between 2018 - 2021, the brothers provided their clients with contracts that had blank fee sections, which they later filled in with percentages significantly higher than the percent verbally promised.
The brothers also took money from their clients' bank accounts, replacing the funds with money from the client's brokerage accounts in order to not raise suspicion.
After being terminated from IHT Wealth Management in July 2021, Kaplan and his brother continued their fraudulent activity.
We are a Chicago-based law firm with a national practice, representing investors nationwide in seeking to recover their investment losses. The firm continues to investigate brokerage firms and brokers who have placed elderly investors, retirees and other conservative investors in unsuitable investments.
We receive the highest rankings as attorneys for quality work and ethics. We successfully have filed numerous cases against brokerage firms that sold high-risk investments, recovering more than $50 million on behalf of victimized investors. In those cases, we allege that the investment recommendations were unsuitable for our clients based on their financial situation, needs, and investment objectives.
We offer free case evaluations and handle matters on a contingency fee basis-meaning you pay no attorney's fees unless we recover compensation for you. If you have incurred investment losses with Daniel Kaplan and would like a securities attorney to evaluate your case, please contact us.
