Man Charged In $1M Fraud Is No-Show For Arraignment
By Steve Mocarsky, The Times Leader, Wilkes-Barre, Pa. | |
McClatchy-Tribune Information Services |
The information alleges that Hyduk improperly diverted funds from clients to himself from
The majority of diverted funds was from clients who intended the money to be rolled over into different investments, but Hyduk allegedly instructed them to make their checks payable to BNA Financial instead of the new investment company, and he then deposited the money into his own account and allegedly used the money for his personal benefit.
Hyduk also allegedly failed to pay
Hyduk's arraignment, initial appearance hearing and plea agreement hearing had been scheduled for
Federal Public Defender
Also on Tuesday, Assistant U.S. Attorney
If convicted of the wire fraud, according to the federal information, Hyduk would be ordered to forfeit:
-- About
-- A 2013 Audi A4 automobile
-- A 2008 Audi Q7
-- A 1996
-- A 2005 Cadillac Escalade
-- A
-- A snow blower, front loader, mower and backhoe (all
-- A 2004
-- 14 parcels of land along
-- A 2.776-acre parcel of land along
--
If convicted of both charges, Hyduk faces a maximum of
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