Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that Broker Leo Michael Dinolfo (Dinolfo) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Dinolfo was employed by Kraken Securities at the time of the activity. If you have been a victim of Dinolfo’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,655,667.00 on June 29, 2023.
In October of 2021, the Plaintiffs were involved in a loss of investment. The investment opportunity involved an algorithm that traded foreign exchange currency pairs. I was involved on this investment opportunity as an investor, and on the suggestion of my mentor at the time. My previous mentor is also named as one of the defendants in this case. The Plaintiffs in this case are family members or family friends of mine. In the year 2023, the Plaintiffs filed a lawsuit in the city of Toronto against myself, Leo-Michael Dinolfo, and multiple other defendants. The Plaintiffs alleged the following against the defendants: fraud, fraudulent and negligent misrepresentation, breach of trust, breach of fiduciary duty, misappropriation and conversion, conspiracy to injure, breach of contract, negligence and unjust enrichment. The case is still currently pending as of February 21, 2025. To date, not all defendants have been served by the Plaintiffs. Further, no discovery has taken place, nor has it been scheduled. The Plaintiffs have additionally missed a number of procedural timelines. I, Leo-Michael Dinolfo, am actively contesting said allegations, deny any wrongdoing, and have not admitted any liability in relation to the litigation. I have provided the Plaintiffs’ with my Notice of Defence and Statement of Defence. There has yet to be any real progress on this case, and it has been referred to case management that has yet to occur.