Published On: June 9, 2015

Did you lose money with Alan Gold of Wilmette, Illinois? If so, please call our securities law offices in Chicago, Illinois. Gold was a former investment adviser who was arrested at his home on Monday on federal wire fraud charges because of the accusation that he defrauded clients out of at least $1 million in investment funds. He allegedly managed the money through his home-based company, Alan Gold & Associates. Gold sent false statements to his clients, showing them that their assets were invested in stock, real estate, futures and other products, when, in reality, he simply spent the money on personal expenses such as gambling at casinos and living expenses. He also allegedly wired transfer funds from client accounts for five years from January 2010 until January 2015 using the false statements he had doctored. He is to be sentenced on June 15th.

Alan Gold was registered with Birkelbach Investment Securities from July 1983 until October 1983, Merrill Lynch from November 1983 until October 1986, Prudential-Bache Securities from August 1986 until August 1988, Blunt Ellis & Loewi Inc. from July 1988 until September 1988, D.R. Dwyer & Co from April 1989 until August 1989, and Invest Financial Corp in Skokie, Illinois from November 1989 until September 2007. He has three customer disputes against him and he is no longer licensed to act as a broker or investment adviser within the industry.

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