A 31-year-old Owensboro man employed as a financial advisor was arrested Tuesday by Tell City, Indiana, police on federal fraud and theft charges.
According to a release from the Tell City Police Department, Daniel Deno was arrested without incident following a thorough investigation and was lodged in the Perry County Detention Center.
According to TCPD, police learned that Deno, who had been employed as a financial advisor at a financial institution in the area, was responsible for managing the investments of a 73-year-old Tell City resident.
“Investigators discovered that Deno had recently misrepresented the details of the victim’s investments, requesting the client to hand over a cash payment intended for Deno’s personal benefit,” according to the release.
Police said the investigation was initiated on November 18 after the client reported suspicious activity. The Tell City Police Department credited the victim’s awareness and the cooperation of the financial institution for enabling a quick response. Authorities reminded residents to remain cautious and report any suspicious financial activity.
The investigation is ongoing.
