5/27/11

Sentencing Rick Young

Yesterday, there was a court hearing regarding the release of Mr. Young pending sentencing and appeal. The court denied the defendant's motion, he will stay in custody. The defendant asked for a continuance of his sentencing date, the Judge granted that motion. The new sentencing date for Mr. Young is July 27, 2011 at 10:00 a.m.

5/13/11

Charged!

Rick Young and William Willard were charged with Conspiracy to Commit Wire Fraud, Wire Fraud, Securities Fraud, and Money Transactions in Property Derived from Specified Unlawful Activity on December 3, 2008. On February 25, 2011, William Willard pled guilty to Conspiracy to Commit Wire Fraud and is scheduled to be sentenced on July 25, 2011 at 1:30 p.m. Rick Young was found guilty by a jury on March 30, 2011 of Conspiracy to Commit Wire Fraud, Wire Fraud, Monetary Transactions in Property Derived from Specified Unlawful Activity, and Securities Fraud, he is scheduled to be sentenced on June 30, 2011 at 10:00 a.m.