Meissner Associates Investigates Arrested Financial Planner Frederick E. Monroe Jr. and Voya Financial Advisors (Formerly ING Bank) for Allegedly Engaging in Ponzi Scheme, Theft of Client Funds and Failing to Supervise


NEW YORK, June 11, 2015 (GLOBE NEWSWIRE) -- Meissner Associates has received several calls and is investigating significant fraud and theft claims involving a long time Guilderland, New York based financial planner Frederick E. Monroe Jr. who was associated with Voya Financial Advisors Inc (formerly ING Bank) according to FINRA, the brokerage industry self regulatory agency. Yesterday Monroe, who according to press reports was also associated with Capital Financial Planning, was arrested by Mr. Meissner's former employer the New York State Attorney General's Office and charged with stealing over 1 million dollars of investor funds. The Attorney General's allegations include that Monroe fraudulently solicited his clients to reinvest their retirement funds and diverted funds for his own personal use. It's alleged that the scheme went on from 2008 through 2015, and that Monroe created false financial statements which he provided to victims.

The Attorney General stated that Monroe would allegedly tell his clients that the clients' money was invested in bonds when they were not.

Meissner Associates is specifically investigating what role Mr. Monroe's registered brokerage firm, Voya Financial Advisors, played with regard to properly supervising Mr. Monroe. Due to the years involved and statutes of limitations, former clients are being advised to take action quickly.

Stuart D. Meissner, Managing Member of the law firm Meissner Associates stated "We received several calls already related to this outrageous breach of trust, and we believe the fraud to be much wider in scale than alleged based on our interviews. We are aware of one victim who contacted us and who claims to have lost almost one million dollars alone, so we believe that the current charges are just the tip of the iceberg and are preparing to file FINRA arbitration claims against Voya Financial for failing to supervise this wayward adviser and for vicarious liability."

Anyone who believes they may have been victimized by Mr. Monroe and lost over $100,000 with Mr. Monroe and Voya Financial is urged to contact Meissner Associates for a free phone consultation. Meissner Associates, known for its record FINRA Investor win statistics1 having recovered millions of dollars for investors, is a nationally recognized securities arbitration FINRA law firm based in New York with office locations nationwide, representing investors worldwide for losses due to financial fraud or negligence. Managing Member Stuart Meissner Esq. is a former Assistant Attorney General in The NY State Attorney General's Office Investor Protection Unit and Assistant District Attorney in Manhattan. Contact Stuart D. Meissner to discuss your matter call toll free 866-764-3100. 99 Main Street, Suite 303, Nyack N.Y. 10960 , 54 W. 40th Street, New York, N.Y. and office locations across the country, UK and Israel.

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1 Prior results cannot and do not guarantee or predict a similar outcome with respect to any future matter.


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