Adviser Accused of Stealing $1.2M From Client

View Comments
Latest News

GREENBELT, Md. — An investment adviser has been indicted on wire fraud and money laundering charges for allegedly stealing $1.2 million from a client’s account.

An indictment was returned Wednesday against 35-year-old Travis Wetzel of Frederick. Federal prosecutors say Wetzel was arrested on Thursday. Online court records do not list a lawyer for Wetzel.

According to the 24-count indictment, Wetzel worked for an investment advisory firm in Rockville. Prosecutors say Wetzel took $1.2 million from a client’s annuity account without the client’s knowledge and used the money for his personal benefit.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,839 other followers