Twin brothers from Great Neck accused of defrauding at least 50 clients, some elderly or disabled, used their positions as trusted financial advisers to steal millions of dollars, a federal prosecutor told jurors in her opening statement as the siblings’ trial began Monday in Central Islip.
Assistant U.S. Attorney Rebecca Urquiola told the jury Adam Kaplan and Daniel Kaplan diverted funds from clients’ accounts and overcharged clients for advisory fees. She also said the brothers took out loans in their clients' names — and then pocketed the money.
"They stole the money for themselves and left their clients with the bill," Urquiola said.
Daniel and Adam Kaplan, both 36 years old, were charged in a 21-count indictment with conspiracy to commit wire fraud, wire fraud, investor fraud, m