Investor Update: Former Broker Matthew Eckstein Arrested

Stoltmann Law Offices has learned that former Sisk Investment Services broker Matthew Eckstein was arrested on June 7th, 2018 by Nassau County, New York. Mr. Eckstein, along with another broker, Kevin Brody, were involved with Conmac Funding Corp, a scheme run by the two individuals out of Hicksville, New York. According to its website, Conmac Funding is a “premium finance company that specializes in financing both commercial and personal insurance policies.” Matthew Eckstein is accused of stealing more than $5 million from at least 14 clients, including ones who are elderly or deceased. On Thursday, he was arraigned on three counts of second-degree grand larceny, and two counts of first-degree scheme to defraud. He used some of the stolen funds on the down payment on a house with a tennis court and swimming pool, according to the District Attorney. Matthew Eckstein allegedly urged one of his elderly clients to invest $385,000 into Conmac Funding in 2015. He told…

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