S.D. Agent Pleads Guilty to Fraud

September 17, 2007

Sioux Falls. S.D. insurance agent Paul Wentzlaff is accused of stealing from two elderly clients and has pleaded guilty to embezzlement and fraud. He could face up to 20 years in prison.

Don Srstka, a special assistant attorney general, said Wentzlaff befriended two men in nursing homes and spent money they thought would be invested.

Srstka said Wentzlaff admitted taking $160,000, but the special assistant to the attorney general said that he’ll seek restitution of more than $400,000.

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