DOJ v. ANDREW M. KOMAROW

ANDREW M. KOMAROW allegedly defrauded three financial services companies of approximately $3.3 million, according to DOJ. Between approximately October 2022 and February 2023, Komarow initiated approximately $8.9 million in EFT/ACH transfers from his bank accounts to brokerage accounts despite having insufficient funds. He then used the brokerage accounts to conduct high-risk, short-term options trading in an attempt to make immediate profits to cover his insufficient funds.

Summary generated from official Department of Justice press release