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Judge from New York to handle Utah real estate mogul retrial


SALT LAKE CITY (AP) — A veteran federal judge from New York will preside over the retrial of a Utah real estate mogul accused of heading a $100 million Ponzi scheme. The Salt Lake Tribune reports the June 4 trial of Rick Koerber has been assigned to ...


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LAKE CITY (AP) \u2014 A veteran federal judge from New York will preside over the retrial of a Utah real estate mogul accused of heading a $100 million Ponzi scheme.{\/p}The Salt Lake Tribune reports the June 4 trial of Rick Koerber has been assigned to Frederic Block, a senior judge from the U.SDistrict Court in Brooklyn.{\/p}U.SDistrict Judge Robert Shelby, who presided over last year's trial in Salt Lake City, recused himself after Korber's mistrial last October.{\/p}Jurors remained deadlocked for seven days on charges including money laundering and securities fraud.{\/p}Koerber, the self-proclaimed \"Latter-day Capitalist,\" once offered $2,000 real estate-investing seminars and hosted a radio show.{\/p}Charges against him were thrown out once before, but prosecutors refiled themThey accuse him of lavish personal spending while his businesses lost money.{\/p}Defense attorney Marcus Mumford says Koerber made legitimate investments.{\/p}___{\/p}Information from: The Salt Lake 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