Criminal Cases

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The criminal trial for Jason Bo-Alan Beckman, Gerald Durand, and Patrick Kiley began on April 19, 2012 at 9 a.m. before Chief Judge Michael J. Davis in Courtroom 15 at the Federal Courthouse in Minneapolis (11-cr-228 D. Minn.).  On June 12, 2012, the jury returned a verdict of guilty as to each defendant on all charges. Defendants Beckman, Durand and Kiley were taken into custody by the U.S. Marshal Service.
 

On January 3, 2013, Chief Judge Michael J. Davis sentenced Mr. Beckman to 30 years in prison for his role in the scheme.  Chief Judge Davis sentenced Mr. Durand to 20 years. On July 15, 2013, Judge Davis sentenced Mr. Kiley to 20 years. On May 12, 2015, the United State Court for Appeals for the Eighth Circuit affirmed the criminal convictions and sentences of these defendants. More information can be found on the U.S. Attorney's website.


Christopher Pettengill pleaded guilty to criminal charges in 2011 (11-cr-192 D. Minn.). On January 3, 2013, Chief Judge Davis sentenced Mr. Pettengill to 7.5 years. Additional information can be found in the U.S. Attorney's June 21, 2011 Press Release and on the USAO website.
 

Jon Jason Greco pleaded guilty and was sentenced to ten months in prison for making false statements to federal investigators concerning assets connected to the multimillion-dollar Ponzi scheme orchestrated by Trevor Cook (11-cr-112 D. Minn.). More information can be found in the U.S. Attorney's November 15, 2011 Press Release.
 

Trevor Cook pleaded guilty to criminal charges in 2010 and was sentenced to 25 years in prison (10-cr-75 D. Minn.). He is serving this time in the federal penitentiary in Greenville, Illinois.  Additional information can be found in U.S. Attorney's August 24, 2010 Press Release.
 

Please note that although these criminal charges and pleas stem from the same Ponzi scheme at issue in the SEC and CFTC cases in which the Receiver was appointed, the Receiver is not involved in the criminal actions. For more information, please visit the U.S. Attorney's website here.