Carlos Silva Sentenced to 2-to-6 Years Prison for Embezzling $1.4 Million From Broker-Dealer Firm

Press Release

On February 26, 2014 Carlos Silva was sentenced to 2-to-6 years prison for stealing more than $1.4 million from his former employer, Fator Securities LLC, by manipulating the firm’s accounting system and writing hundreds of thousands of dollars of unauthorized checks to himself and diverting other third party checks to accounts controlled by him. On December 20, 2013, Carlos Silva pleaded guilty to Grand Larceny in the First Degree.