A former investment advisor from Waterbury, Conn., has been charged by the U.S. Attorney’s Office with multiple criminal counts of mail fraud, wire fraud and money laundering in a scheme that took more than $1 million from investors, the SEC announced Monday.

Leon Vaccarelli, a former registered representative of the brokerage company The Investment Center and a former investment advisor with IC Advisory Services in Waterbury, was indicted in U.S. District Court in Connecticut for taking money from investors and using it for his own business and personal expenses, including making mortgage payments, the SEC said.

Vaccarelli was already under investigation by the SEC in a complaint filed last August for the same scheme. In 2015, he was fined $7,500 by the Financial Industry Regulatory Authority (Finra) for violating Finra rules. He was fired by the two firms he worked for last summer, the SEC said.

In the most recent incident, Vaccarelli allegedly took more than $1 million from nine investors, several of whom were elderly, between 2012 and 2017, according to the SEC. Also named in the SEC complaint are Vaccarelli’s two companies, Lux Financial and LWLVACC.

According to the complaint, Vaccarelli asked one customer to sign an agreement that she would not provide information to Finra or the SEC about her finances. He also allegedly sold more than $450,000 in securities that were held in trust for the care and maintenance of a beneficiary.

In another instance, Vaccarelli took more than $79,000 from an elderly man after the man liquidated two of his retirement accounts, the SEC said. In still another instance, he took $300,000 from an 88-year-old woman in a nursing home, in part to pay back another client who was demanding her money, the complaint said.