Man pleads not guilty to charges related to fraud scheme

Published: Thursday, Sept. 17 2009 3:19 p.m. MDT

ST. GEORGE (AP) — A man who was associated with an Ogden man sentenced to prison in a $140 million fraud scheme has pleaded not guilty to 10 felony charges.

William Hammons pleaded not guilty on Tuesday to charges including securities fraud and being an unregistered securities agent. The 64-year-old Hammons is an investment counselor in St. George. He allegedly was a leading recruiter for projects run by Val Southwick.

Southwick, who ran an estimated 150 companies under the umbrella name VesCor, was sentenced in June 2008 to nine consecutive terms of one to 15 years in prison for securities fraud.

Hammons' attorney, Clifford Dunn, has said Hammons was a defrauded VesCor investor and shouldn't be prosecuted as an agent of the company.

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