New York - (WALK) The manager of a New York City investment firm is accused of taking, and keeping, more than $100,000 from a Suffolk couple who wanted him to purchase stocks, said police.
Ronald Feldstein, 66, owner of Trademore Capital Management LLC., East 58th Street in Manhattan, was arrested at his office Tuesday. The alleged victims gave Feldstein a total of $117,500 in cash and checks between August and October of 2009, said police.
The unidentified couple expected Feldstein to mail the returns on a specific investment, and called Suffolk police in 2011 when he evaded their attempts to contact him. Investigators determined Feldstein never purchased stocks with the couple's money, said police.
Feldstein (photo) was arrested at his business Tuesday afternoon, and charged with grand larceny. He is scheduled to be arraigned at First District Court in Central Islip on June 4.
Police ask anyone who believe he or she was a victim of Feldstein or of his business, Trademore Capital, to call Identity Theft Section detectives at 631-852-6281.