Theodore Sihpol, former Bank of America broker, was named in a 40-count indictment in New York state Superior Court, the office of New York Attorney General Eliot Spitzer announced today. The charges against Mr. Sihpol include two counts of scheming to defraud, seven counts of grand larceny and 29 counts of falsifying business records, said Brad Maione, a spokesman for Mr. Spitzer.
Mr. Sihpol's lawyer, Evan Stewart of Brown Raysman Millstein Felder & Steiner, could not be reached for comment by press time.
