A federal grand jury in Connecticut returned an 11‑count indictment charging investment advisor Andrew M. Komarow with schemes to defraud three financial services companies of about $3.3 million by exploiting ACH timing and related tactics. Komarow pleaded not guilty and was released on bond as the U.S. Attorney and FBI pursue the prosecution as part of anti‑white‑collar enforcement efforts.

A federal grand jury in the District of Connecticut returned an 11‑count indictment charging investment advisor Andrew M. Komarow with multi‑count schemes to defraud three financial services firms of approximately $3.3 million. The indictment alleges Komarow used manipulation of automated clearing house (ACH) timing, false representations, and other deceptive tactics to divert or accelerate funds for his benefit. Prosecutors say the scheme exploited systemic timing gaps in payment processing and relied on forged or misleading account and transaction documentation to conceal transfers. Komarow pleaded not guilty and was released on bond pending trial; the complaint reflects coordinated investigative activity by the U.S. Attorney’s Office and the FBI and highlights a prosecutorial focus on payment‑fraud modalities that target institutional payment rails. The release emphasizes the practical and economic harms to financial services firms and downstream customers, and notes potential restitution and forfeiture remedies. Authorities indicated the case will be pursued vigorously and urged institutions to enhance controls over ACH timing and transaction authorization to limit similar vulnerabilities while the criminal case proceeds through the federal court system.