Former Morgan Stanley Smith Barney financial advisor Victor Manuel Rivera Jr. pled guilty in a New Jersey federal court to stealing more than $90,000 from the accounts of his clients.
Rivera Jr., 47, of Clifton, N.J., worked in Morgan Stanley’s Paramus, N.J., office for two years, from October 2008 to October 2010. He admitted that during that time he forged wire transfer requests under his clients’ names and submitted them to his supervisors. The funds were then transferred to an account Rivera Jr. had created in someone else’s name.
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