Man Embezzled $200,000 from Victim's Retirement Funds: Milford Police

Police said he was acting as an investment agent and stole the money.

Milford police have arrested a man who is accused of embezzling more than $200,000 from a 68-year-old victim’s retirement savings and they are asking anyone who might have hired the man to contact authorities.

Police started the investigation into 40-year-old Travis Smith, of Hamden, when they received a complaint in October that he has solicited a Milford resident, acting as an investment agent, and promised to give the person a better return on investment.

Smith is accused of taking more than $206,000 of the victim’s retirement fund money then avoiding speaking with the victim.

Police said the money has been misappropriated and the victim no longer has access to it.

Smith has been charged with larceny in the first degree, larceny in the second degree, forgery in the second degree and telephone fraud in the first degree.

He was released on $50,000 bond and is due in Milford Court on April 9.

Anyone who thinks he or she might be a victim of Smith in a similar case is urged to email Detective Warwick, of the Milford Police Department, at mwarwick@ci.milford.ct.us or contact the local police department.

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