A US investment advisor based in Omaha has been indicted on federal charges, accused of defrauding investors of more than $500,000, according to Investment News.

Ryan Jindra, 34, misled clients and improperly withdrew money from client accounts, the publication said, citing a statement issued by the US Attorney's Office. Mr Jindra is president and chief executive of Envision Investment Advisors and chief executive of Envision Financial Group.

He faces two counts of wire fraud and two counts of mail fraud, the report said.

Mr Jindra's Omaha attorney, David Domina, said last Friday that he hadn't seen the indictment. But Mr Domina said he and his client have been cooperating with prosecutors and that talks will continue.

Mr Domina said the two firms are inactive.