DARIEN — A former financial broker and one-time Darien resident waived his right for indictment and pled guilty June 17 in Hartford federal court to one count of wire fraud related to the embezzlement of more than $1.2 million from an elderly client, said Deirdre M. Daly, United States Attorney for the District of Connecticut.

Robert Tricarico, 60, of Milford, was a registered securities broker with the Financial Industry Regulatory Authority until April 2015.

According to court documents, Tricarico served as a financial adviser from January 2010 to June 2013 for an elderly and infirmed client with “substantial assets.”

He stole more than $1.1 million in that span by writing checks to himself, or for his benefit, without the approval of his client; misappropriated checks made out to the client; and liquidated his coin collection.

Tricarico also pled guilty to defrauding an additional $20,000 from two clients by promising to invest their money in a business venture and guaranteeing profit in return. Tricarico instead put the money to personal use.

Tricarico has agreed to pay $1,220,763.90 to the victims and will be sentenced on September 20. He faces a prison term of 20 years.

justin.papp@scni.com; dariennewsonline.com