Plea hearing set for music promoter charged in $300M fraud

January 9, 2015 8:07 AM

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A plea hearing is set in South Florida for a former top-name music promoter accused of operating his company as a Ponzi scheme that fleeced investors out of $300 million.

Jack Utsick was scheduled for arraignment Friday afternoon on mail fraud charges.

Also read: Western Union to Pay $586 Million Over Failure to Stop Fraud

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