Accused $100M Ponzi Schemer Can't Evade Charges

Law360, New York (February 24, 2012, 5:27 PM EST) -- A Utah federal judge on Thursday refused to toss a 12-count indictment against an investment manager accused of running a $100 million Ponzi scheme, ruling the prosecution had not used privileged information in its latest indictment.

U.S. District Judge Clark Waddoups denied Claud “Rick” Koerber's motion to dismiss the charges against him, rejecting his arguments that the fraud and money laundering charges in the superseding indictment, filed in September, relied too heavily on privileged information.

After the court found that the government had improperly used communication...
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Case Information

Case Title

USA v. Koerber


Case Number

2:09-cr-00302

Court

Utah

Nature of Suit

Date Filed

May 26, 2009

Government Agencies

UK Financial Services

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