Regional news: 
FINRA tells New York woman to pay back $335,000 stolen from annuity
A New York woman was barred by FINRA and ordered to pay $335,250 back to a customer, from whom she stole money from a variable annuity.
Hilda Ascencio of Richmond Hills, N.Y., was found to have converted that amount from a customer’s account by making withdrawals on the customer’s variable annuity without his knowledge or consent, FINRA records indicate.
Ascencio arranged to have the funds sent to a friend, who cashed the checks and forwarded the proceeds to her. Ascencio then deposited the money in her own account and used it for personal expenses, records show.
As FINRA began investigating, she did not respond to their inquiries.
2 Responses
- Bernadette Says:
August 23rd, 2011 at 2:51 pmWhy is this broad not in prison?
- Lorraine Says:
October 12th, 2011 at 9:56 amI am assuming the courts did what they felt best. We have to rely on the justice system to work and it said she was ordered to make restitution. While wrong in what she did, we don’t know the whole story. This article is not very expansive. Of course name calling someone you don’t know is always a sign of good character.
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