Representing Clients In Baltimore And Nationwide Home Blog Frederick man Sentenced after 24 counts of Wire Fraud and Money Laundering

Home/Securities/Representing Clients In Baltimore And Nationwide Home Blog Frederick man Sentenced after 24 counts of Wire Fraud and Money Laundering

Representing Clients In Baltimore And Nationwide Home Blog Frederick man Sentenced after 24 counts of Wire Fraud and Money Laundering

Former financial advisor, Travis Wetzel, was sentenced to 3 ½ years in prison, three years of supervised release, and ordered to pay $1.2 million in restitution to a former client. Wetzel was first charged in May of last year with 24 counts of wire fraud and money laundering after he allegedly transferred money from a client’s account into his own, without the knowledge or permission of the client. Over a 26 month span, Wetzel used his position as the branch manager at Research Financial Strategies to embezzle $1,282,224 from his client’s annuity account.

To read more. click Here

By |2019-12-24T11:02:45-05:00February 24th, 2015|Securities|0 Comments

About the Author:

Leave A Comment