Travis Wetzel Indicted on Charges Related to Illegally Transferring $1,282,224 from His Client’s Annuity Account
Travis Wetzel is accused of illegally transferring $1,282,224 from a client’s annuity account, according to an indictment issued by a federal grand jury.
Wetzel was a branch operations manager while working for an investment advisory firm located in Rockville, Maryland and took approximately $1,282,224 from an annuity account of a client without the client’s knowledge and used the money for his personal benefit, according to the indictment.
Wetzel also allegedly laundered at least $376,444 of the money he took by transferring the money to other bank accounts that were under his control, according to the indictment.
The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.
Broker: Travis Wetzel
Status: INVESTIGATED by Peiffer Rosca.
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