Trevor Cook associate tried to trick NHL in attempt to buy stake in the Wild, feds allege
Three businessmen accused of participating in Trevor Cook's Ponzi scheme were indicted again yesterday for various financial frauds, including an attempt by one of the men to buy into the Minnesota Wild.
Jason Bo-Alan Beckman, Gerald Joseph Durand, and Patrick Joseph Kiley worked with Trevor Cook to trick 700 investors out of $190 million with false promises of double-digit returns, according to the indictment.
Included in the 31 counts of criminal wrongdoing is the tale of how Beckman tried to fool the NHL into believing he could afford to own a piece of a professional ice hockey team.
Beckman hired a high-profile Minneapolis law firm and certified public accountants to advise him on the bid to buy into the team.
According to the complaint, the lawyers advised Beckman that his investor program was "riddled with illegalities [including] illegal sale of unregistered securities, inadequate or misleading disclosure to [victim investors], both about the products and about the fees, and transactions by unlicensed persons and entities[.]"
The firm, which is unnamed in the complaint, advised Beckman to discontinue his program and recover the investors' assets.
Beckman, Durand, and Kiley face charges of mail and wire fraud, conspiracy, and money laundering.
Cook pled guilty to leading the investment scheme in 2010. His associates will go to trial April 19.
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