Feds Drop Criminal Charges In Alleged Fintech Fraud Scheme

Law360 (April 9, 2021, 9:36 PM EDT) -- Federal prosecutors on Friday sought to drop wire fraud and securities fraud charges against a former financial planner, noting that his alleged co-conspirator had been pardoned by former President Donald Trump.

The U.S. attorney's office asked a Maine federal court to dismiss the indictment against Paul Hess, but to leave the door open for prosecutors to bring charges again. Hess' co-defendant, Michael Liberty, had been discharged from the case following a presidential pardon, and the U.S. Securities and Exchange Commission has a pending civil case against Hess, the filing said.

"In light of the dismissal of charges against co-defendant Liberty ......

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