Gaithersburg Man Indicted for Pension Plan Fraud

A Gaithersburg man was one of three Maryland men who have been indicted for plotting to steal $10 million from a Vienna, VA based pension fund, the Washington Post reports.

Nikolaos Hepler, 31, of Gaithersburg, was charged Thursday with wire fraud and other offenses, along with Robert Fulton Rood IV, 44, of Potomac and Lloyd Mallory Jr., 49, of Silver Spring  in the 16-count indictment.

"The indictment alleges that Rood led a scheme to defraud Southern Management Corporation Retirement Trust, which funds pensions for the Vienna-based Southern Management Corp., a prominent property management firm in the Mid-Atlantic region with 1,200 employees," the Post reports.

The case was investigated by the FBI's Washington Field Office, and details of the case can be found at the United States Department of Justice website.