Christopher L. Hibbard, an Ex-Louisville Investment Adviser for Merrill Lynch, Allegedly Operated a $4.4 Million Fraud Case

Christopher Hibbard, an ex-Louisville investment adviser for Merrill Lynch, allegedly operated a $4.4 million investment fraud scheme, according to Court Documents from the U.S. District Court for the Western District of Kentucky under review by investor rights attorney Alan Rosca.

Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Christopher Hibbard’s alleged investment fraud scheme. Investors who believe they may have lost money in activity related to Christopher Hibbard’s alleged investment fraud scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Hibbard reportedly worked for Merrill Lynch for over seven years before he was purportedly fired in January and subsequently barred from acting as a broker by FINRA. Hibbard, if convicted, allegedly could face up to 20 years in prison and $250,000 in fines for the wire fraud charges and five years and $10,000 for the investment advisor fraud, FINRA notes.

Hibbard allegedly tried to hide his alleged scheme by providing false and misleading information to the clients, Court Documents note.

Hibbard Allegedly Concocted a Scheme by Making Unauthorizes Transfers of Funds from Accounts to His Personal Credit Card

Christopher Hibbard, from 2007 through December 2017, allegedly concocted a scheme to defraud clients by allegedly making unauthorized transfers of funds from their accounts to his personal credit card, according to the indictment filed in the U.S. District Court for the Western District of Kentucky under review by investor rights attorney Alan Rosca.

Hibbard’s most recent employer was Merrill Lynch, Pierce, Fenner & Smith Incorporated of Louisville, KY, from July 16, 2010 through January 26, 2018, and his previous employers include Morgan Keegan & Company, Inc., also of Louisville, and A. G. Edwards & Sons, Inc. of St. Louis, MO, according to his FINRA BrokerCheck profile.

Finally, it is important to not that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Christopher Hibbard’s alleged investment fraud scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Christopher Hibbard’s alleged investment fraud scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.