---
title: Ex-JPMorgan Banker Sentenced to 5 Years for Embezzling
description: Michael Oppenheim stole at least $20 million from clients
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published: '2016-03-08T21:00:25.000Z'
modified: '2016-03-08T21:00:25.000Z'
section: Banking
tags:
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  - embezzlement
  - finance
  - JPMorgan
  - michael oppenheim
  - pubdesk
  - wall street
word_count: 111
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![Former investment adviser at JPMorgan Chase & Co Michael Oppenheim exits U.S. federal courthouse in Manhattan, New York November 5, 2015.](https://img.money.com/2016/03/160308_em_jpmbanker.jpg)
*Former investment adviser at JPMorgan Chase & Co Michael Oppenheim exits U.S. federal courthouse in Manhattan, New York November 5, 2015.*

A former investment adviser with JPMorgan Chase & Co was [sentenced](http://www.reuters.com/article/us-usa-crime-jpmorgan-idUSKCN0WA2KY) in U.S. District Court Tuesday to five years in prison for embezzling at least $20 million from his clients.

Michael Oppenheim, 49, pleaded guilty in November after admitting that he withdrew money from client accounts to fund his gambling addiction, reports [Reuters](http://www.reuters.com/article/us-usa-crime-jpmorgan-idUSKCN0WA2KY). At his sentencing Tuesday he was ordered to pay nearly $2.2 million in restitution to JPMorgan. Oppenheim worked with around 500 wealthy clients out of JPMorgan’s offices in midtown Manhattan.

Urging the judge to be lenient, Oppenheim’s lawyer chalked his client’s theft up to a “pathological gambling addiction that has haunted him for much of his adult life.”

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