A former compliance officer and managing director of Train, Babcock Advisors, John Rogicki, allegedly stole millions of dollars from a non-profit he set up. Rogicki allegedly stole more than $9 million from a charitable foundation set up by an elderly woman in order to support a lavish lifestyle for himself. The estate was set up to donate estate proceeds to education and health care causes, and Rogicki was entrusted as executor of her estate and became the charity’s president in 2001. He then liquidated securities as investment advisor to the charity, and then wired the trading proceeds to the brokerage account of the estate, which he also controlled through Train, and then transferred the money to himself. Two hundred transactions were made between 2004 and 2016. If you suffered losses with Mr. Rogicki, please call our Chicago, Illinois-based securities law firm today at 312-332-4200. We may be able to help you bring a claim in the arbitration forum in order to recover your investment losses on a contingency fee basis.
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