Ex-Darien man stole more than $1.2 million from elderly client
DARIEN — A former financial broker and one-time Darien resident waived his right for indictment and pled guilty June 17 in Hartford federal court to one count of wire fraud related to the embezzlement of more than $1.2 million from an elderly client, said Deirdre M. Daly, United States Attorney for the District of Connecticut.
According to court documents, Tricarico served as a financial adviser from January 2010 to June 2013 for an elderly and infirmed client with “substantial assets.”
He stole more than $1.1 million in that span by writing checks to himself, or for his benefit, without the approval of his client; misappropriated checks made out to the client; and liquidated his coin collection.
Tricarico also pled guilty to defrauding an additional $20,000 from two clients by promising to invest their money in a business venture and guaranteeing profit in return. Tricarico instead put the money to personal use.
Tricarico has agreed to pay $1,220,763.90 to the victims and will be sentenced on September 20. He faces a prison term of 20 years.