A Kentucky financial advisor registered with LPL Financial was charged Tuesday with felony theft and fraud related to his alleged dealings with a 73-year-old client, according to the Tell City, Indiana, Police Department.
Daniel Deno, 31, of Owensboro, Kentucky, was arrested and "lodged in the Perry County Detention Center," the Tell City police said in a press release.
Deno paid bond and was released Tuesday, according to someone answering the phone at the detention center.
On Monday, the department learned that Deno, who had been employed as a financial advisor at a local financial institution, was responsible for managing the investments of a 73-year-old Tell City resident, according to the release.
“Investigators discovered that Deno had recently misrepresented the details of the victim's investments, requesting the client to hand over a cash payment intended for Deno's personal benefit,” the police department said.
