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The Department of Labor was issued an emergency temporary restraining order (TRO) by the U.S. District Court for the Western District of Pennsylvania against RiversEdge Advanced...
A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.
A federal judge this week issued a temporary restraining order against a Sewickley man accused by the U.S. Department of Labor of embezzling millions of dollars from retirement funds that he and his company administer. Authorities say at least $8 million could be missing and unrecoverable from 17 funds overseen
The temporary order removes Sewickley retirement plan administrator RiversEdge from overseeing plans amid embezzlement allegations.
The United States Department of Labor received an emergency court order to protect retirement plan assets owned by a Sewickley company that allegedly embezzled millions of dollars from those plans.