Judge from New York to handle Utah real estate mogul retrial

SALT LAKE CITY (AP) — A veteran federal judge from New York will preside over the retrial of a Utah real estate mogul accused of heading a $100 million Ponzi scheme.

The Salt Lake Tribune <a target=”&mdash;blank” href=”https://www.sltrib.com/news/2018/02/22/out-of-state-judge-will-preside-over-fraud-retrial-of-utah-real-estate-guru-rick-koerber/”>reports</a> the June 4 trial of Rick Koerber has been assigned to Frederic Block, a senior judge from the U.S. District Court in Brooklyn.

U.S. District Judge Robert Shelby, who presided over last year’s trial in Salt Lake City, recused himself after Korber’s mistrial last October.

Jurors remained deadlocked for seven days on charges including money laundering and securities fraud.

Koerber, the self-proclaimed “Latter-day Capitalist,” once offered $2,000 real estate-investing seminars and hosted a radio show.

Charges against him were thrown out once before, but prosecutors refiled them. They accuse him of lavish personal spending while his businesses lost money.

Defense attorney Marcus Mumford says Koerber made legitimate investments.


Information from: The Salt Lake Tribune, <a target=”&mdash;blank” href=”http://www.sltrib.com”>http://www.sltrib.com</a>

Free News Delivery by Email

Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.