Long Island Investment Advisor Arrested In Tesla On Southern Boulevard.
WELLINGTON, FL (BocaNewsNow.com) (Copyright © 2025 MetroDesk Media, LLC) — Mark Alan Lisser, convicted of securities fraud in 2021 while working as an investment advisor on Long Island, is now facing a DUI charge in Palm Beach County. Lisser, of Chadwick Court in Wellington, was taken into custody on April 10th by the Palm Beach County Sheriff’s Office. He was later released on $1000 bond.
Lisser was driving a “black Tesla Utility vehicle” when he was stopped on Southern Boulevard near the Turnpike on-ramp. A deputy said he was speeding at 90 MPH and changing lanes while the vehicle was paced. The deputy then said that Lisser had, “bloodshot, glass eyes, slurred speech, and the odor of a fruity unknown alcoholic beverage emitting from the driver side area.”
Lisser allegedly told the deputy that he had not been drinking and agreed to take part in field sobriety exercises which, according to PBSO, he had trouble completing. Lisser then provided breath samples which notably registered under the legal limit, at .048 and .046. The legal limit in Florida is .08. A PBSO deputy still believed he driving under the influence and arrested him. A judge agreed that probable cause existed for Lisser’s arrest. Bond was set at $1000.
Lisser, according to the United States Department of Justice, “misappropriated more than $700,000 from investments in pre-IPO companies.” He entered a guilty plea in 2021, leading the DOJ to issue this statement:
“Between October 2018 and January 2019, Lisser was a partner in Knightsbridge Private Partners LLC (Knightsbridge), which operated a series of websites and call centers used to solicit investments in purported pre-IPO shares of companies (the Pre-IPO Companies). Employees of Knightsbridge, including Lisser, solicited these investments by falsely telling investors and potential investors that Knightsbridge owned the shares it was selling, that Knightsbridge was on the capitalization table of the pre-IPO Companies, and that Knightsbridge and its employees did not earn any commissions or fees until after the shares were issued to the public and the investors made money. In reality, as Lisser knew, Knightsbridge did not directly own any pre-IPO shares in the Pre-IPO Companies, and was not on the capitalization table of any of the Pre-IPO Companies. Lisser also knew that he and other Knightsbridge employees earned money, including commissions, from the investments at the time they were made. As a result of this scheme, Lisser misappropriated more than $700,000 in investors’ funds to make payments to companies controlled by Knightsbridge employees, pay salaries and sales commissions, pay his personal credit card bill, and make payments on a mortgage.”
Lisser was sentenced to two years in federal prison with two years of supervised release. He was also ordered to forfeit money and property. Court records suggest that the federal government continues collection efforts, with a new complaint filed against Lisser in May of 2024.
