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Md. lawyer accused of investment fraud

Wednesday - 3/20/2013, 9:58am  ET

BALTIMORE -- A Talbot County lawyer has been indicted in an alleged scheme to divert money intended for real estate investments to his personal use.

Thirty- six-year-old Aaron G. Seltzer of Trappe was arrested Tuesday on nine counts of wire fraud. The indictment was returned on March 14 and unsealed upon his arrest.

According to the indictment, Seltzer, who had an office in Crofton, handled real estate transactions. Prosecutors say Seltzer offered victims fraudulent investment opportunities but diverted the money intended for the investments for his own benefit.

Prosecutors say Seltzer obtained more than $747,000 through fraudulent transactions.

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