BALTIMORE, Md. - A Trappe man has been indicted after allegedly using real estate investments for personal use.
A federal grand jury has indicted 36-year-old Aaron Seltzer on nine counts of wire fraud in connection with a scheme in which he reportedly converted funds meant for real estate investments to his personal use. Seltzer was arrested on Tuesday.
According to the indictment, Seltzer was a licensed Maryland attorney, who had an office in Crofton, and from January 2008 through 2010, he reportedly offered victims fake investment opportunities, and then took the money for himself.
The indictment alleges that more than $747,860 was taken by Seltzer, from eight different transactions. He now faces a maximum of 20 years in prison on each count of wire fraud.