Eric Dupre (Ameriprise) Reportedly Indicted for Stealing from Elderly Client

Investor Lawsuit Investigation – Eric Dupre (Ameriprise)

The White Law Group is investigating potential securities claims involving former San Antonio financial adviser Eric Dupre (CRD# 2174456) after he was reportedly barred by FINRA, terminated by Ameriprise Financial Services, and recently criminally charged for allegedly stealing more than $2 million from an elderly client.

Dupre is accused of misappropriating client funds, borrowing money from clients without authorization, and recommending unsuitable and ill-performing investments. Investors who suffered losses may be able to recover damages through FINRA arbitration.

New Criminal Charges Filed in Connection with Alleged Theft

In December 2025, former financial adviser Eric Dupre, 56, was reportedly indicted by a Bexar County grand jury and is now facing five felony charges, including:

• Theft

• Misappropriation of Fiduciary Property

• Financial Abuse of the Elderly

According to the arrest affidavit, Dupre allegedly stole or mishandled approximately $2.19 million from a 77-year-old client, identified in documents as Albert Vale, between September 2022 and February 2023.

Dupre was arrested and later released on a $100,000 bond. He is expected to appear in court on January 26.

Allegations of Fraud and Misappropriation

FINRA BrokerCheck reports the following:

FINRA Bar (July 2024)

FINRA permanently barred Dupre after finding he borrowed more than $2 million from a client without approval and with no reasonable expectation of repayment, a violation of FINRA Rule 3240.

Ameriprise Termination (December 2023)

Ameriprise Financial Services discharged Dupre for “a violation of company policy related to borrowing from clients.”

Customer Disputes

• A pending May 2024 customer arbitration claim alleges Dupre recommended a cryptocurrency “opportunity” but instead stole the investor’s money.
  Requested damages: $3,011,476.

• Dupre previously settled a customer complaint in 2010 for $75,000 relating to alleged misrepresentation of auction rate securities.

Arbitration Award to Alleged Victims

Earlier this month, an arbitration panel awarded $1.1 million in compensatory damages to a couple for Dupre’s alleged misconduct.

The couple claimed Dupre invested their funds in “ill-performing and unsuitable investments that had no real potential for growth,” in addition to the alleged theft.

These findings may help strengthen additional investor claims.

Risks to Investors

Investors who worked with Dupre may have been exposed to serious misconduct, including:

• Theft and misappropriation of funds

• Unauthorized loans and borrowing from elderly clients

• Misrepresentation of investment opportunities

• Unsuitable and ill-performing investment recommendations

• Failure to disclose financial red flags or conflicts of interest

These actions may constitute violations of securities laws, FINRA rules, and Ameriprise supervisory duties.

Recovery Options for Eric Dupre and Ameriprise Investors

If you suffered losses while working with Eric Dupre, you may be able to pursue compensation through FINRA arbitration against Ameriprise Financial Services, which had an obligation to reasonably supervise its brokers.

FINRA arbitration allows investors to seek recovery for:

• Misappropriation and theft

• Breach of fiduciary duty

• Elder financial abuse

• Unauthorized loans or use of client funds

• Unsuitable investment recommendations

• Failure to supervise

FINRA Arbitration vs. Class Action Lawsuits

While class actions address large groups of claimants, FINRA arbitration focuses on your individual circumstances and often results in:

• Faster resolution

• Private proceedings

• Higher potential recovery

• Decisions made by securities-industry-trained arbitrators

For many investors, FINRA arbitration is the most effective path for recovering losses.

Free Consultation with a Securities Fraud Attorney

The White Law Group has represented hundreds of investors in FINRA arbitration cases for more than 30 years. If you invested with Eric Dupre, Ameriprise, or believe you were a victim of investment fraud, we may be able to help.

Call (888) 637-5510 or visit whitesecuritieslaw.com for a free, confidential consultation.

Frequently Asked Questions – Eric Dupre

What are the allegations against Eric Dupre?

Dupre is accused of stealing more than $2 million from an elderly client, recommending unsuitable investments, and misappropriating client funds. FINRA has permanently barred him from the securities industry.

Was Eric Dupre criminally charged?

Yes. Dupre was reportedly indicted in Bexar County on five felony counts, including theft, misappropriation, and elder financial abuse.

Can I recover losses from investments made through Eric Dupre or Ameriprise?

Yes. Investors may pursue compensation through FINRA arbitration, especially if Ameriprise failed to properly supervise Dupre.

How does FINRA arbitration work?

FINRA arbitration is a streamlined, private process for resolving investor disputes. It often yields faster results and higher recoveries than class-action lawsuits.