Former Talbot Co. Attorney Pleads Guilty to Real Estate Fraud Sc - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Former Talbot Co. Attorney Pleads Guilty to Real Estate Fraud Scheme

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BALTIMORE- Federal prosecutors say a former Talbot County attorney pleaded guilty Tuesday to wire fraud in connection with a scheme in which he allegedly converted funds intended for real estate investments to his personal use.

According to his plea agreement and court documents, 38-year-old Aaron G. Seltzer of Trappe, Md. was a licensed Maryland attorney who handled real estate transactions and maintained an office in Crofton, Md. Prosecutors said that from January 2008, through 2010, Seltzer offered victims fraudulent investment opportunities then diverted the money intended for the investments for his own benefit. Seltzer obtained a total of $768,242 through seven fraudulent transactions, prosecutors said. As part of his plea agreement, Seltzer is required to pay restitution in that amount.

Seltzer was investigated by the Maryland Attorney Grievance Commission for his conduct in the scheme and was subsequently disbarred.

Seltzer faces a maximum sentence of 20 years in prison for wire fraud. U.S. District Judge J. Frederick Motz has scheduled Seltzer's sentencing for April 10, 2015, at 10 a.m.
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