Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Washington-Area Financial Advisor Who Faked Suicide Charged With Fraud, Stealing Retired Client's IRA

Aaron Travis Beaird, an Enumclaw, WA financial services and life insurance salesman who allegedly faked his own and a client’s death, has been arrested and charged with defrauding at least five clients out of approximately $2 million. Though Beaird was registered with neither FINRA nor the SEC, he claimed online that he had been a finance and insurance advisor for more than 10 years.

The charging documents accuse Beaird of diverting clients’ insurance payments into his personal accounts, of providing clients with falsified and fraudulent statements, and of emptying one client’s IRA account without the client’s knowledge or consent. He is also accused of convincing a retired client to use money from his IRA to purchase a life insurance policy from American United Life Insurance Company. The policy included a $2 million death benefit, which Beaird allegedly attempted to obtain by submitting a fraudulent death claim.

According to FBI investigators, an FBI team found Beaird’s car parked near a bridge on June 23, two days after one of the co-owners of Beaird’s firm allegedly confronted him about the fraudulent death claim. A note allegedly found inside the car stated that Beaird had jumped to his death. The note also allegedly referenced fraudulent conduct and claimed responsibility for at least one client’s losses. Spencer Walker, the special agent in charge of the investigation against Beaird, reported that the note was signed “Travis the scam man.”

Officials arrested Beaird at the Seattle-Tacoma International Airport on July 2, after he returned to Washington from an undisclosed location. A hearing in the case has been scheduled for this week.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram