• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • My Account
  • Subscribe
  • Log In
Itemlive

Itemlive

North Shore news powered by The Daily Item

  • News
  • Sports
  • Opinion
  • Lifestyle
  • Police/Fire
  • Government
  • Obituaries
  • Archives
  • E-Edition
  • Help
This article was published 3 year(s) and 9 month(s) ago

Swampscott financial advisor sentenced for stealing client’s assets

tlavery

September 14, 2021 by tlavery

SWAMPSCOTT — A Swampscott financial advisor was sentenced in federal court Tuesday for defrauding an elderly client and her bank.

Felix Gorovodsky, 29, was sentenced to 33 months in prison and two years of supervised release. He was also ordered to pay restitution of $310,492.

According to the U.S. Attorney’s Office, Gorovodsky served as a financial advisor for the victim until July 2019, when she terminated the advisor relationship and revoked his power of attorney. Approximately nine months later, Gorovodsky liquidated the victim’s bank account, transferring more than $250,000 to himself. He forged the victim’s signature on a false “gift letter” that he sent to the bank to legitimize the fraudulent transfer.

Gorovodsky used the stolen retirement funds for personal expenses, including paying off more than $100,000 in student loans. 

Gorovodsky pleaded guilty in May to one count of bank fraud.

  • tlavery
    tlavery

    View all posts

Related posts:

No related posts.

Primary Sidebar

Advertisement

Sponsored Content

Advertisement

Upcoming Events

#SmallBusinessFriday #VirtualNetworkingforSmallBusinesses #GlobalSmallBusinessSuccess #Boston

July 18, 2025
Boston Masachusset

1st Annual Lynn Food Truck & Craft Beverage Festival presented by Greater Lynn Chamber of Commerce

September 27, 2025
Blossom Street, Lynn,01905, US 89 Blossom St, Lynn, MA 01902-4592, United States

2025 GLCC Annual Golf Tournament

August 25, 2025
Gannon Golf Club

Adult Color/Paint Time

July 11, 2025
5 N Common St, Lynn, MA, United States, Massachusetts 01902

Footer

About Us

  • About Us
  • Editorial Practices
  • Advertising and Sponsored Content

Reader Services

  • Subscribe
  • Manage Your Subscription
  • Activate Subscriber Account
  • Submit an Obituary
  • Submit a Classified Ad
  • Daily Item Photo Store
  • Submit A Tip
  • Contact
  • Terms and Conditions

Essex Media Group Publications

  • La Voz
  • Lynnfield Weekly News
  • Marblehead Weekly News
  • Peabody Weekly News
  • 01907 The Magazine
  • 01940 The Magazine
  • 01945 The Magazine
  • North Shore Golf Magazine

© 2025 Essex Media Group