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The attorney for a former North Tonawanda investment adviser denied Friday that the adviser defrauded a client out of $1 million.

Attorney Thomas Eoannou said his client, Thaddeus Fabiniak, 38, did not intend to cheat a Pittsburgh physician in a series of business deals.

"To date, I haven't seen anything illegal in this case," Eoannou said. "Businesses suffer losses every day. Some investments are high risk and they don't all make money. That's apparently what happened in this case."

Fabiniak is accused of convincing Dr. Lawrence Cooperstein to invest in a series of business ventures, but Fabiniak then used the money to benefit himself, Assistant U.S. Attorney Jack Rogowski said.

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