Mark Lisser, convicted of securities fraud, apprehended for DUI in Palm Beach County

Mark Alan Lisser, a former investment advisor from Long Island who was previously convicted of securities fraud in 2021, found himself in legal trouble once again in Palm Beach County. According to reports from the Palm Beach County Sheriff’s Office, Lisser was apprehended for a DUI offense on April 10th. The incident took place on Southern Boulevard near the Turnpike on-ramp, where Lisser was stopped for speeding at a staggering 90 miles per hour. As the authorities observed Lisser changing lanes recklessly, they noticed tell-tale signs of impairment, including “bloodshot, glassy eyes, slurred speech, and the smell of alcohol emanating from the driver’s side of the vehicle.”

Despite denying he had consumed alcohol, Lisser agreed to partake in field sobriety tests. However, the responding deputy indicated that he had trouble performing these exercises satisfactorily. Additionally, breath samples taken at the scene reportedly recorded below the legal limit, measuring at .048 and .046, with Florida’s legal limit set at .08. Despite these readings, a PBSO deputy maintained their belief that Lisser was driving under the influence, leading to his arrest and subsequent bond amount of $1000.

Lisser’s legal woes began with his conviction for securities fraud back in 2021 while working as an investment advisor with Knightsbridge Private Partners LLC. Reports from the United States Department of Justice revealed that Lisser, among others, misappropriated over $700,000 from investors in pre-IPO companies through deceptive practices. As part of his guilty plea, Lisser was sentenced to two years in federal prison, followed by two years of supervised release. Despite the judgment, the federal government has continued to pursue Lisser for financial restitution, with a new complaint filed in May 2024.

The recent DUI arrest in Palm Beach County has reignited public interest in Lisser’s financial crimes, shedding light on his past transgressions and legal consequences. While Lisser has faced legal repercussions for securities fraud, his latest run-in with the law for driving under the influence serves as a stark reminder of the potential consequences of illegal activities, regardless of their nature. Lisser’s journey from investment fraud to DUI charges underscores the importance of accountability, responsibility, and the rule of law in our society.