Judge upholds 18 of 20 charges in Koerber fraud indictment

Judge upholds 18 of 20 charges in Koerber fraud indictment

By Tom Harvey The Salt Lake Tribune
Published Sep 11, 2012 06:58PM MDT
A federal judge on Tuesday tossed out two charges against Utah businessman Rick Koerber but allowed 18 of them to go forward from an indictment that alleges the former real estate investment guru operated his companies as a $100 million Ponzi scheme. The ruling helps clear the way for a yet-to-be-scheduled trial of Koerber, who was first indicted in May 2009 and has been vigorously battling the charges since. The lengthy delay has frustrated the U.S. Attorney’s Office, which has been pressing f...
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