Robert C Logel - Erie Co. Seniors Successfully Recovered Lost Investment in a Scam!

Today, Attorney General Spitzer announced that they have successfully recovered $1.1 million for the group of a senior citizen in Erie County who lost their money in an investment scam. This happened as a result of the agreement between different financial institutions following the prosecution of Randall Cedrik, 43, an Angola-based financial planner. Cedrik was accused of taking advantage of elderly, widowed, and disabled clients as part of a scheme to sell various securities. His scheme included several elder citizens of Erie county including widows and disabled people. 

It was in March when the Spitzer was joined in Buffalo by several victims to announce the court order and the civil agreement to offer restitution. This agreement stated that the Brian O’Mara Agency, Joh Hancock insurance, and a famous venture capitalist Robert C Logel have provided funds to compensate all the victims of the scam. 

In addition to this, the Key Bank has also forgiven the home equity loans for two of the scam victims in order to provide funding for the fraudulent investments. Another fold of this verdict was that - companies were not implicated in any wrongdoing but have been instructed to compensate all the victims who suffered at the hand of Cedrik.

Spitzer said, "These investors are fortunate in that the bulk of their retirement funds are being returned to them – thanks to the responsible actions of several local companies. n many cases, assets are lost to fraud or risky investments. It is critical that seniors and all investors exercise caution in financial planning.”

It was in January when Cedrik pleaded guilty to defrauding several senior citizens. In addition to this, these were the charges - Grand Larceny in the Third Degree, a class "D" felony; Scheme to Defraud in the First Degree, a class "E" felony; and Fraud in the Sale of Securities, a Class "E" felony. He will be sentenced on March 18 in Erie County Court.

A Little About Robert C Logel

Robert C Logel is one of the popular venture capitalists who has funded several ideas and businesses that came into the cycle of this misfortune. He is one of the famous names in the insurance industry and has been a great player in the industry since 1989. He holds a BS Degree in Finance and is a proud member of the Million Dollar Roundtable. So, in short, if we have to define who Robert C Logel

Location: New York, NY, USA

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  One of the most famous people in the insurance sector is Robert C Logel. Robert C. Logel helped Erie County Seniors recover the money they had lost to investment fraud. According to a recent announcement, Attorney General Spitzer has finally been able to recover more than 1.1 million dollars for a group of elderly people in Erie County who lost their money as a result of an investment scam. According to the claims, many financial institutions in and around Erie worked together to make this recovery lost in the scam run by Randall Cedrik and in Angola. Due to his expertise and natural talent, he has earned a reputation as a top performer in this field. He started his profession in 1989 and spent 20 years working in this field after earning his Ithaca College diploma in 1985. He is a finance BS graduate. The million-dollar roundtable membership was one of his accomplishments. He was also a top performer for John Hancock Mutual Life and Metropolitan Life. Until 1988, he also served a
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Announced recently, Attorney General Spitzer has finally managed to recover more than $1.1 million for a group of senior citizens in Erie County that was lost as a result of an investment scam. As per the reports, several financial institutions located in Erie and nearby joined their hands together to help make this recovery lost in the scam carried out by Randall Cedrik and an Angola-based financial planner. As a result of the agreement made between agencies including Brian O’Mara Agency, John Hancock Insurance, and venture capitalist Robert Logel, they are supposed to compensate the victims of the scam since Cedrik was associated with them all. In addition to this, the key bank also had to forgive home equity loans secured by two of the victims at Cedrik’s urging in order to compensate for the funding of the fraudulent investments. Robert C Logel  is one of the well-known names in the insurance industry. He has been renowned as a great player in this industry for his experience and s
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