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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.

If you have had any dealings with Travis Wetzel or believe you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.

To read more, please visit: http://www.fredericknewspost.com/news/crime_and_justice/frederick-man-sentenced-for-million-embezzlement-scheme-during-work-as/article_92c29304-8b55-5b4f-9c3a-eb25558b07ac.html#user-comment-area

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