Sewickley investment broker charged with taking clients' money for cruise, Vegas
A Sewickley investment broker used more than $130,000 she stole from two clients to go on a cruise and take a trip to Las Vegas, Allegheny County District Attorney's Office detectives said on Thursday.
Lori Ann Artzberger, 49, was arraigned on Thursday afternoon on two counts of theft by deception and one count of misapplication of entrusted property before Monroeville District Judge Jeffrey L. Herbst.
According to a criminal complaint, Artzberger in 2010 told the clients — both of whom had invested with her — that they needed to diversify their accounts. She instructed them to buy cashiers' checks payable to TD Ameritrade and Franklin Money Fund and said she would invest the money.
In October 2012, the Internal Revenue Service sent the women notices that they owed interest and penalties on early withdrawals of their accounts. The women called Artzberger, who said it was a misunderstanding.
When the women got two more letters from the IRS, she admitted depositing the checks into her personal account, the complaint states.
An investigation by the DA's office found that Artzberger used the money to write checks to herself totaling $86,000 and to take a Royal Caribbean cruise and a trip to Las Vegas.
When questioned by detectives, she told them: “I made a mistake. I used the money. I regret it.”
Her preliminary hearing is scheduled for March 18.
Adam Brandolph is a staff writer for Trib Total Media. He can be reached at 412-391-0927 or firstname.lastname@example.org.
Subscribe today! Click here for our subscription offers.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Steelers’ coach Tomlin downplays verbal spat with Bengals’ Nelson
- Steelers QB Roethlisberger not perfect but good enough
- Rossi: Steelers season something to behold
- Steelers notebook: Opponents for 2015 are released
- Steelers beat Bengals, earn home playoff game
- Pittsburgh settles with teacher who said police wrongly arrested him
- State police investigating fatal shooting in Lawrence County
- Yellow Cab aims to adapt Pittsburgh service with app
- Penguins captain Crosby looking for some answers to goal drought
- Penguins forward Hornqvist out for several weeks
- Southwestern Pa. BotsIQ competition gets $150k from Chevron