Suffolk County, NY - April 9, 2014 - Suffolk County Police have arrested an owner of a New York City investment securities firm after he bilked a Suffolk County couple out of more than $100,000 in stocks.
Ronald Feldstein, owner of Trademore Capital, located at 425 East 58th St., received $117,500 in checks and cash, both personally and to his business, from a Suffolk County couple, between August and October 2009. In 2010, the couple requested the stock, KeyOn Communications, to be sold after the price rose and to have the proceeds mailed to them. 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.
Feldstein, 66, of 130 West 15th St., New York, NY, was arrested on April 8 and charged with Grand Larceny 4th Degree. He is scheduled to be arraigned in First District Court in Central Islip on June 4.
Anyone who feels they may have been a victim of Trademore Capital or Feldstein is asked to call Identity Theft Section detectives at 631-852-6281.
A criminal charge is an accusation. A defendant is presumed innocent until and unless proven guilty.