SWAMPSCOTT — A Swampscott financial advisor has pleaded guilty in federal court to defrauding an elderly victim and her bank by stealing the victim’s retirement assets.
Felix Gorovodsky, 29, was charged with one count of bank fraud. Under the terms of the plea agreement, Gorovodsky will serve 33 months in prison and two years of supervised release and pay restitution of at least $318,000.
According to charging documents, Gorovodsky served as a financial advisor to the victim until around July 2019, when the victim terminated the advisor relationship and revoked his power of attorney.
Approximately nine months later, Gorovodsky accessed the victim’s bank account and transferred more than $250,000 into his own account. He used the stolen funds for personal expenses, including paying off more than $100,000 in federal student loans, the U.S. Attorney’s office said.
Gorovodsky also forged the victim’s signature on a false gift letter, which he sent to the bank to attempt to legitimize the fraudulent money transfer, prosecutors said.
