Judge tosses $100M fraud case against Alpine businessman Rick Koerber
Stuart Johnson, Deseret News
SALT LAKE CITY — A federal judge Thursday dismissed a long-running $100 million fraud case against Alpine businessman Claud R. "Rick" Koerber.
U.S. District Judge Clark Waddoups ruled that government prosecutors violated the Speedy Trial Act and engaged in a "pattern of widespread and continuous misconduct" in prosecuting Koerber.
Waddoups found "most egregiously" that prosecutors violated Koerber's due process rights with their "tactic of illegally planning and conducting impermissible" interviews with him in February 2009, even though he had an attorney at the time. The judge earlier tossed out any evidence the government obtained in the interviews.
Koerber's attorney Marcus Mumford said he was pleased with the judge's ruling.
Waddoups dismissed the case with prejudice, meaning prosecutors can't refile the charges. The government can appeal the ruling to the 10th Circuit Court of Appeals.
Prosecutors charged Koerber in May 2009 with mail fraud, wire fraud, fraud in the offer and sale of securities, sale of unregistered securities, money laundering and tax evasion. The charges stemmed from an investment scheme they say Koerber operated from 2004 through 2008 that led to the loss of $100 million in investors' money.
— Dennis Romboy
- Jenna Kim Jones: The new, cool face of Mormonism
- Chris and Sally Mart create a refuge for...
- Utahns not as strongly opposed to same-sex...
- Researchers: Patients have only themselves to...
- Rock climber falls to his death at Zion...
- Third person arrested in Carbon County...
- Love not attending Salt Lake City Rotary Club...
- We were there: See Deseret News front pages...
- Educators at UEA convention told to... 40
- Love not attending Salt Lake City... 33
- Federal government extends same-sex... 31
- Utahns not as strongly opposed to... 31
- Autopsy shows man posed no threat to... 23
- Mia Love included in a new ad... 21
- Jenna Kim Jones: The new, cool face of... 17
- Police arrest 3 suspected of... 15