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Police: Owner of Investment Firm Bilked Over $100K From Suffolk Couple

Ronald Feldstein, 66, is charged with fourth degree grand larceny. (SCPD photo)
Ronald Feldstein, 66, is charged with fourth degree grand larceny. (SCPD photo)

The owner of a New York City investment securities firm was arrested on Thursday and charged with stealing more than $100,000 from a Suffolk County couple, police said. 

Ronald Feldstein, the owner of Trademore Capital, located at 425 East 58th St., received $117,500 in checks and cash, both personally and to his business, from the couple between August and October 2009, police said. 

In 2010, the couple, whose hometown was not released by police, requested the stock, KeyOn Communications, to be sold after the price rose and to have the proceeds mailed to them, police said. 

After numerous attempts were made to reach Feldstein and Trademore Capital, the couple contacted Suffolk Police in 2011.

An investigation by Suffolk County Police Identity Theft Section detectives determined that Feldstein never purchased stocks with the couple’s money, police said. 

Feldstein, 66, of Manhattan, was arrested Tuesday and charged with fourth degree grand larceny. He is scheduled to be arraigned in First District Court in Central Islip on June 4.

Police are asking anyone who feels they may have been a victim of Trademore Capital or Feldstein to call Identity Theft Section detectives at 631-852-6281.

CAPICU April 10, 2014 at 11:16 AM
Psychopaths: people lacking remorse, empathy and feel emotion only shallowly. In extreme cases, they might not care whether you live or die. .....Most of us are too trusting and believe everyone is like us, kind and considerate. Be careful these people exist. Educate yourself and find out how to spot one. But please don't look at me...LOL
brookhavenconfucius April 10, 2014 at 12:22 PM
Laura, This DUMMIE screwed 3 brokerage firms... notwithstanding, 'regular people'...but they didn't get him in trouble with the SEC. This news story was meant to ferret out any individuals, who were taken, and surely there are MORE out there.
CAPICU April 10, 2014 at 12:27 PM
Buyer beware If brokerage firms can be taken !
Rich April 10, 2014 at 06:49 PM
Archie Bunker- I think you need to take a refresher math course. They wanted to sell the stock in 2010, and contacted the police in 2011. Not sure how your math turned that into "2 years to report it" Taking into account that different years can be as little as one day apart, and I'm sure they spent some time waiting for the nonexistent check to arrive, and trying to get in touch with him. So the only remarkable thing about that is your math skills, or lack of.
Johny Q April 13, 2014 at 10:22 PM
“Their money was better in his pocket. He knew how to spend it better.”

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