Former StrategicPoint Boss Arrested on Sex, Weapon Assault Charges
Monday, March 03, 2014
The alleged sexual assault took place on February 22nd. According to Conway, New Hampshire police reports, “The adult victim reported the offense to a medical professional and thereafter to the department. Further investigation revealed that in addition to the alleged sexual assault, the victim had been physically assaulted as well. It was also alleged that the perpetrator threatened the victim and incorporated a firearm into that threat.”
GoLocal reported in May of 2010 of Brochu leaving the high profile firm. Subsequent lawsuits were filed by the firm and Brochu, which were resolved in June of 2010. At the time, StrategicPoint claimed $550 million in assets under management.
Official Police Report
Further investigation revealed that in addition to the alleged sexual assault, the victim had been physically assaulted as well. It was also alleged that the perpetrator threatened the victim and incorporated a firearm into that threat.
Subsequent to the initial investigation an arrest warrant was issued on Saturday as well. The warrant charged
DAVID F. BROCHU
33 HIGH POINT RD., CONWAY NH.
With 1 count of Second Degree Assault (B Felony), 1 count of Criminal Threatening with a deadly weapon (Special Class Felony, max. penalty of 20 years) and 3 Counts of Aggravated Felonious Sexual Assault (Special Class Felony, max. penalty 20 years each count).
Brochu was arrested without incident at his home on Saturday night around 9:30pm. He was remanded to Carroll County Jail to await a bail hearing on Monday.
After an arraignment on all charges before Judge Albee, bail was set at $100,000.00 cash, with several conditions applicable upon release. Brochu will be afforded a probable cause hearing on March 4th, 2014 at 1:00 pm.
The case remains under investigation by the Conway Police Department. Policy prevents comment on the identity of sexual assault victim, or their relationships to offenders, but there is no danger to the general public in this matter.
The founder of StrategicPoint Investment Advisors, LLC, Brochu, and the firm that owned his company, Focus Financial Partners, LLC, reached a settlement in a bitter court dispute.
A GoLocalProv exclusive report on May 12, 2010 revealed that Brochu was no longer with the company that he founded. At the time of his departure, the prominent Rhode Island financial firm managed assets worth $550 million.
Brochu had sued owner Focus Financial, in Delaware Chancellery Court, seeking access to various financial records. In a message to his clients, Brochu said he had finally gained access to most of the information he sought, but another unspecified dispute sent him and Focus Financial spurred another round of lawsuits, landing in Providence Superior Court.
The two parties reached a settlement, and Brochu vacated his role at StrategicPoint according to the agreement.
Related Slideshow: Rhode Island Communities with the Most Sex Offenders
The State of Rhode Island Parole Board and Sex Offender Community Notification Unit provides a searchable online database of Level 2 and Level 3 sex offenders, which are "moderate risk" offender and "high risk" offenders, searchable by city and town, zip code, or offender level. Not all towns in the state have registered sex offenders in the database.
In addition, categories include "whereabouts unknown", "moved out of state", "incarcerated out of state", "deported", and "deceased."
Below are the sex offenders registered on the site as of November 2013, ranked accoring to offenders per capita in each community -- which can change daily. The population numbers are taken from Rhode Island DLT 2011 estimates.
- Settlement Reached in StrategicPoint Dispute
- Founder of StrategicPoint No Longer with Company
- Founder of StrategicPoint Speaks Out Over Company Dispute