3 Maryland Men Indicted in Pension Plan Theft Scheme

Men accused of plot to steal millions from Vienna company

Thursday, Dec 15, 2011  |  Updated 5:40 PM EDT
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3 Indicted in Pension Plan Theft Scheme

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Three Maryland men were indicted in an alleged plot to steal almost $10 million from a Vienna-based company's employee pension plan, according to federal prosecutors.

Forty-four-year-old Robert Fulton Rood IV, of Potomac; 31-year-old Nikolaos Hepler, of Gaithersburg; and 49-year-old Lloyd Mallory Jr., of Silver Spring, were charged with wire fraud and other offenses in a 16-count indictment announced Thursday.

The indictment alleges that Rood led a scheme to defraud Southern Management Corporation Retirement Trust. Prosecutors allege that Rood kept payoff funds on real estate loans for himself.

The indictment also alleges that Hepler, Rood's employee, misrepresented information about the loans, and that Mallory, an accountant, issued a false report about the loans.

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