Former Wells Fargo, LPL Advisor Pleads Guilty in $626K Fraud

A former advisor with Wells Fargo and LPL Financial faces up to 20 years in prison after defrauding clients out of $626,000 to fund gambling and personal expenses, according to the Department of Justice. Mario E. Rivero pleaded guilty in federal court in Newark, N.J. last week to one count of wire fraud and securities fraud. At this point, Rivero got the elderly…