Sandy Man Faces Detention Hearing Following Indictment in Connection with Alleged Ponzi Scheme
June 2, 2011
Total Loss:
Millions
A detention hearing is set for 11:15 a.m. Wednesday in federal court for John S. Dudley, age 56, of Sandy, charged last week in a 17-count indictment with money laundering and wire and bank fraud in connection with an alleged Ponzi scheme. Wednesday’s hearing will be before U.S. Magistrate Judge Paul Warner.
Dudley had an initial appearance Friday following his arrest on the indictment. He entered a plea of not guilty to the charges. A status conference has been set for Aug. 8, 2011 at 9:15 a.m. The case is being investigated by the special agents of the FBI and IRS Criminal Investigation. Anyone who believes they might be a victim of the scheme alleged in this indictment should call the FBI in Salt Lake City at 801-579-1400.
Source:
FBI
Posted in:
ACH and Wire Fraud
Money Laundering