Former SunTrust Investment Services Advisor Charged With Wire Fraud & Identity theft

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The Department of Justice has charged Eddy Blizzard, a former advisor with M&T Securities and SunTrust Investment Services, with wire fraud and aggravated identity theft.  Sadly the alleged crime caused the victim’s house to go into foreclosure.

A Maryland-based financial adviser is facing trial for allegedly embezzling more than $1 million from a retired customer account, according to the Justice Department. Acting U.S. Attorney Jonathan F. Lenzner said the advisory actions resulted in the retiree’s home being foreclosed on and he now owes taxes to the federal government. The Justice Department filed a lawsuit last week against the financial adviser for fraud and aggravated identity theft.

The defendant is accused of engaging in a heartless plot to rob an elderly victim and steal more than $1 million, Lenzner said. ‘We’re continuing to work with our law enforcement partners to bring to justice those who perpetrated this despicable program against an elderly customer. The victim, who has not been named and referred to as R.M., died last March.

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According to the Justice Department, Blizzard was licensed as a representative of a registered broker and investment advisor and worked for a bank-based investment services firm since 2017. The Justice Department did not name the company, but its broker check profile and an accompanying affidavit from federal officials indicate that Blizzard worked for M&T Securities and SunTrust Investment Services and that SunTrust was involved in FINRA arbitration against Blizzard.

After Retiring, R.M. There he met Blizzard, who stole R.M.’s identity.  In 2005, Blizzard started asking him about his own work and advised him to check in every day or two. In 2010, Blizzard returned to his client and said he was going through his retirement and advising him on what to do.

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According to the affidavit, R.M. Blizzard’s mother and stepfather told investigators that Blizzard last visited them in the summer of 2019 and did not attempt to kill himself. A federal official investigating the case said Blizzard said it did so.

When Blizzard sent R.M. an email Between 2013 and 2019, there were 242 distributions of R.M. At least $1 million had been deposited in R.M. “s.

According to the affidavit, investigators believe the withdrawals were made by Blizzard from R.M. Blizzard deposited 112 checks from R.M. between April 2016 and April 2019. Some of the checks contained comments in the memo section that specified various purposes, such as paying property taxes, building a boat, and paying for a new house, the document said.

His house was foreclosed on in the fall of 2019, but R.M. believed Blizzard would take care of the situationwell.

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