Belgrade Man Guilty In Ponzi Scheme - ABC FOX MONTANA NEWS, WEATHER, SPORTS - KTMF/KWYB

Belgrade Man Guilty In Ponzi Scheme

Posted: Updated:
BOZEMAN -

Richard Reynolds of Belgrade was found guilty Wednesday on six felony charges, some of which include operating a Ponzi scheme and embezzlement.

Prosecutors said Reynolds and his wife embezzled more than $4 million while only investing $100,000.

Reynolds could face up to 60 years in prison and fines of $170,000 or both.

Sentencing is set for March 11.

  • NationalMore>>

  • Wind, weather stoke Northern California wildfires

    Wind, weather stoke Northern California wildfires

    Saturday, August 30 2014 5:31 PM EDT2014-08-30 21:31:57 GMT
    The U.S. Forest Service says a pair of wildfires sparked by lightning nearly three weeks ago continues to grow while threatening as many as 250 homes in far Northern California.
    The U.S. Forest Service says a pair of wildfires sparked by lightning nearly three weeks ago continues to grow while threatening as many as 250 homes in far Northern California.
  • People rally at Ohio Wal-Mart where cops shot man

    People rally at Ohio Wal-Mart where cops shot man

    Saturday, August 30 2014 5:31 PM EDT2014-08-30 21:31:57 GMT
    Some 200 people held signs and chanted Saturday outside a Wal-Mart where a young man with an air rifle was fatally shot by police.
    Some 200 people held signs and chanted Saturday outside a Wal-Mart where a young man with an air rifle was fatally shot by police.
  • Experimental Ebola drug heals all monkeys in study

    Experimental Ebola drug heals all monkeys in study

    Saturday, August 30 2014 5:11 PM EDT2014-08-30 21:11:26 GMT
    By MARILYNN MARCHIONE AP Chief Medical Writer An experimental Ebola drug healed all 18 monkeys infected with the deadly virus in a study, boosting hopes that the treatment might help fight the...
    By MARILYNN MARCHIONE AP Chief Medical Writer An experimental Ebola drug healed all 18 monkeys infected with the deadly virus in a study, boosting hopes that the treatment might help fight the outbreak...
  • Most Popular

  • Most Popular StoriesMost Popular StoriesMore>>

  • Cobell Settlement Checks Could Be Mailed By Fall 2014

    Cobell Settlement Checks Could Be Mailed By Fall 2014

    Friday, August 15 2014 9:03 PM EDT2014-08-16 01:03:47 GMT
    The people in charge of doling out money in the Cobell settlement want to put checks in the mail by this fall.
    The people in charge of doling out money in the Cobell settlement want to put checks in the mail by this fall.
  • UM Grads Invention Breaks Kickstarter Record

    UM Grads Invention Breaks Kickstarter Record

    Wednesday, August 27 2014 8:10 PM EDT2014-08-28 00:10:54 GMT
    A University of Montana graduate gets national attention, after his invention breaks a record on Kickstarter.com, a popular platform used to fund creative projects.
    A University of Montana graduate gets national attention, after his invention breaks a record on Kickstarter.com, a popular platform used to fund creative projects.
  • PHOTOS: Hobo Spider season has arrived

    PHOTOS: Hobo Spider season has arrived

    Friday, August 29 2014 5:37 PM EDT2014-08-29 21:37:17 GMT
    KHQ.COM - Mid August is about the time that we start to see spiders come into our homes, particularly the hobo spider. August and September is mating season for the hobo and that means you may be seeing more funnel-like webs in and around your home. Males are on a mission to find a female which is why they are a lot more active at this time.
    KHQ.COM - Mid August is about the time that we start to see spiders come into our homes, particularly the hobo spider. August and September is mating season for the hobo and that means you may be seeing more funnel-like webs in and around your home. Males are on a mission to find a female which is why they are a lot more active at this time.
  • So Good: Herbert Gamboa

    So Good: Herbert Gamboa

    Wednesday, August 13 2014 10:14 PM EDT2014-08-14 02:14:23 GMT
    There's some new faces lining up at linebacker for the Grizzlies this season. One of those guys is Herbert Gamboa, who has been killing it so far in fall camp."He is fast, he has gotten to be 220-222 pounds, he is strong, he had a great summer in the weight room and I think Herbert is going to have a breakout year I really do," said Griz Defensive Coordinator Herbert Gamboa.Gamboa played his first two seasons as a back up safety because the Griz were thin at that position. He is now back at l...
    There's some new faces lining up at linebacker for the Grizzlies this season. One of those guys is Herbert Gamboa, who has been killing it so far in fall camp."He is fast, he has gotten to be 220-222 pounds, he is strong, he had a great summer in the weight room and I think Herbert is going to have a breakout year I really do," said Griz Defensive Coordinator Herbert Gamboa.Gamboa played his first two seasons as a back up safety because the Griz were thin at that position. He is now back at l...
  • Police, Father Search for Missing Missoula Man

    Police, Father Search for Missing Missoula Man

    Tuesday, August 19 2014 2:03 PM EDT2014-08-19 18:03:46 GMT
    Missoula police help family members search for Monte Swanson, 24, a missing Missoula man who is known to hang out at transient camps.
    Missoula police help family members search for Monte Swanson, 24, a missing Missoula man who is known to hang out at transient camps.
  • Flying With The Thunderbirds

    Flying With The Thunderbirds

    Friday, August 29 2014 9:01 PM EDT2014-08-30 01:01:09 GMT
    I suited up yesterday and spent nearly an hour over Glacier National Park and Browning.
    I suited up yesterday and spent nearly an hour over Glacier National Park and Browning.
  • Seven Arrested in Kalispell Sex Sting

    Seven Arrested in Kalispell Sex Sting

    Friday, August 22 2014 3:10 PM EDT2014-08-22 19:10:39 GMT
    A four-day online sex sting ends with the arrest of seven Flathead men for sexual abuse of children, and more arrests are pending.
    A four-day online sex sting ends with the arrest of seven Flathead men for sexual abuse of children, and more arrests are pending.
  • Priest Lake Auction: Saying goodbye to home

    Priest Lake Auction: Saying goodbye to home

    Wednesday, August 27 2014 10:50 PM EDT2014-08-28 02:50:23 GMT
    PRIEST LAKE, Idaho - After years of obstacles for 61 Priest Lake lot lessees, the end comes on Thursday, August 28th. 
    PRIEST LAKE, Idaho - After years of obstacles for 61 Priest Lake lot lessees, the end comes on Thursday, August 28th. People who have been leasing land from the state, some more than 40 years, will find out if they get to keep their property in an auction.Back in 2010, the State of Idaho decided to divest more than 300 lake lots on Priest Lake.
Powered by WorldNow

Features

  • More Features
  • Powered by WorldNow
    All content © Copyright 2000 - 2014 WorldNow and Cowles Montana Media. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.