South Dakota Man Linked to Butina Pleads Guilty to Fraud - News Summed Up

South Dakota Man Linked to Butina Pleads Guilty to Fraud


— A South Dakota man linked to a Russian agent said little Tuesday as he pleaded guilty to fraud charges unrelated to the agent’s case. Conservative political operative Paul Erickson admitted to a federal judge that he operated fraudulent investment schemes. Prosecutors say Erickson, who pleaded guilty to wire fraud and money laundering, bilked investors of more than $1 million. Erickson, 58, was originally charged with 10 counts of money laundering and one count of wire fraud. Prosecutors said he falsely promised investors returns of up to 90% in as little as three months.


Source: New York Times November 26, 2019 21:11 UTC



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