Todd Smith Charged in Investment Fraud Scheme

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ROCKFORD (WIFR) – The man accused of killing his wife and dumping her body in the Rock River is also charged with stealing nearly a million dollars.

46-year-old Todd Smith and 36-year-old Travis Oliver of California have both been charged with several counts of mail and wire fraud. The indictment accuses Smith and Oliver of lying to people to invest their money. Smith and Oliver involved with Electus Asset Holdings allegedly schemed investors from 2009 to 2012 out of over $983,000.

Smith is also facing murder charges for the death of his wife, Katrina. She was killed in 2012.

To read the entire indictment for yourself, please click on the attached document.

Each count of mail fraud and wire fraud carries a maximum penalty of 20 years in prison and a maximum fine of $250,000 or an alternate fine totaling twice the loss or gain derived from the offense, whichever is greater.

He'll be back in court next Wednesday.

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