NY Advisor Eric Erb Sentenced for Stealing $3 Million from Investors

New York Investment Advisor Eric Erb – Securities Fraud Investigation Have you suffered losses investing with former financial advisor Eric Erb in Babylon, NY?  If so, the securities attorneys at The White Law Group may be able to help you recover your losses. According to reports, Eric C. Erb, a former Long Island investment advisor and hedge fund manager was sentenced for allegedly stealing $3 million from 38 investors. In August, Eric Erb reportedly pleaded guilty to wire fraud related to the fraud scheme. He was sentenced Friday to 57 months in prison, followed by three years of supervised release, according the U.S. Justice Department. Court documents state that between January 2016 and February 2017, Erb allegedly solicited nearly $5.4 million from investors in a hedge fund and other investment opportunities that Erb managed from a Babylon office. Erb purportedly used the stolen funds for personal expenses such as country club dues, home renovations and private…

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