Ex-DBSI Prez Says Evidence For $169M Fraud 'Insufficient'

Law360, New York (June 09, 2014, 3:25 PM ET) -- The former president of bankrupt real estate firm DBSI Inc. asked an Idaho federal judge Monday to dismiss his convictions for defrauding investors of $169 million, saying the evidence used to obtain the guilty verdicts was “simply insufficient.”

In a filing in support of his motion to vacate the convictions, David D. Swenson told U.S. District Judge B. Lynn Winmill that prosecutors had cited only his presence at company cash and asset management meetings in order to establish that he had knowledge of DBSI's long-term financial...
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Case Number

1:13-cr-00091

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Idaho

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April 10, 2013

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