Adviser Accused of Stealing $1.2M From Client

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 This material may not be published, broadcast, rewritten or redistributed.)

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