A financial advisor from Fort Thomas was indicted Thursday on two counts of wire fraud.
Donald L. Huber, 46, is accused of devising an investment scheme to swindle thousands of dollars from family members, friends and others, according to a release from United States Attorney James Zerhusen's office.
Huber obtained money from investors to cover start-up costs and other business expenses, but the indictment accuses Huber of using the money for personal expenses such as his mortgage, credit card bills, vacations, and loans, the release said.
He then deposited money— some of which had been wired from locations out outside of Kentucky — into his personal checking accounts, and the investors lost more than $470,000, the release said.
If convicted, Huber faces a maximum of 20 years in prison.