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.
For more from BostonGlobe.com, sign up or log in below
To continue, please sign up or log in to BostonGlobe.com
Access the full articles and quality reporting of The Boston Globe at BostonGlobe.com
Sign up
Unlimited Access to BostonGlobe.com for 4 weeks for only 99¢.
Are you a Boston Globe home delivery subscriber?
Get FREE access as part of your print subscription.
BostonGlobe.com subscriber
Click to continue reading this article or to log in to BostonGlobe.com.
