Broker accused of defrauding elderly widow
Allegedly drove client, 83, to banks to withdraw $1.5m
A Wellesley stockbroker provided a door-to-door chauffeur service for one his clients, an 83-year-old widow, but according to the state, his intentions were hardly altruistic. Paul J. Dumouchel allegedly drove his client - who suffers from the early stages of Alzheimer’s disease - to five community bank branches where she held accounts, and had her withdraw a total of $1.5 million. He then invested the money in annuities and mutual funds, according to charges filed by the state.