Man Convicted in Fraud Case Wants Court to Review His Record
A man convicted of running a scheme that bilked $4 million from more than 140 investors is asking the Montana Supreme Court to dismiss his case or give him a new trial because of prosecution delays and denial of access of a computer he says he needed for his defense.
Richard Reynolds was convicted in 2013 of fraudulent practices, embezzlement and failure to register as a security salesperson.
The Bozeman Daily Chronicle reports Reynolds was sentenced to 60 years in prison, with 40 years suspended, and ordered to pay restitution.
Reynolds says he is innocent because the state froze his assets, preventing the investments from going up in value and fulfilling his promises.
Prosecutors say Reynolds used his contacts with churches to solicit investors into his scheme.