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Fraud Charges Against Cedar Rapids Attorney Dismissed
CEDAR RAPIDS, Iowa (AP) — Federal fraud and conspiracy charges against a Cedar Rapids attorney have been dismissed after prosecutors filed a motion saying new circumstances that came to light warranted the charges being dropped.
Richard Pundt, a former FBI agent, was indicted in 2008 in the U.S. District Court in California on three counts of mail fraud, six counts of wire fraud and one count of conspiracy. At the time prosecutors alleged the he and others promoted a fraudulent high-yield investment program scheme. Prosecutors did not elaborate in their motion what the new circumstances were that caused them to seek dismissal of the charges against Pundt. A telephone messages left late Thursday for federal prosecutors wasn't immediately returned. In a written statement, Pundt says he is relieved to have the charges dismissed. Pundt says the charges were without merit and in direct conflict with the evidence. The motion to dismiss the charges was granted by the court on Aug. 23. More Good Stuff |
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