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.