A federal grand jury in New Haven has indicted Andrew M. Komarow, 36, of Avon, on charges related to an alleged scheme that defrauded three financial services companies out of approximately $3.3 million. The indictment, returned on February 4, 2026, accuses Komarow—an investment advisor and broker-dealer—of exploiting credit and the timing of Automated Clearing House (ACH) fund transfers between his personal bank accounts and brokerage accounts.
According to prosecutors, between October 2022 and February 2023, Komarow initiated about $8.9 million in ACH or electronic fund transfers from his bank accounts to multiple brokerage accounts. Many of these brokerage accounts were newly opened at the time. Authorities allege that Komarow did not have sufficient funds in his bank accounts to cover these transfers but used the temporary availability of funds in the brokerage accounts for high-risk options trading with the aim of making quick profits.
As a result of this activity, officials say the three financial services companies suffered losses totaling $3,352,407.
Komarow appeared before U.S. Magistrate Judge S. Dave Vatti in Bridgeport on February 16 and pleaded not guilty to all charges. He was released on a $50,000 bond.
The indictment includes ten counts of wire fraud and one count of securities fraud. Each charge carries a maximum prison term of 20 years if convicted.
“An indictment is not evidence of guilt,” said U.S. Attorney David X. Sullivan in a statement. “Charges are only allegations, and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.”
The Federal Bureau of Investigation is conducting the investigation into this case. Assistant U.S. Attorney Christopher W. Schmeisser is prosecuting.
