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June 26,
2003
Contact:
Lynn Kimbrough, 720-913-9025
NEW CHARGES
FILED AGAINST FINANCIAL ADVISOR
A Denver Grand Jury
has returned a new indictment against Will Hoover (DOB:
10-02-51), a former financial advisor who was first indicted
last April.
The indictment adds
27 new felony counts to the earlier indictment and was handed
down late yesterday, June 25, 2003. It adds 13 additional
counts of securities fraud and 14 additional counts of theft.
There are 14 additional victims with additional losses of nearly
six million dollars.
With the new
indictment, Hoover now faces one count of violating the Colorado
Organized Crime Control Act (F2), 26 counts of securities fraud
(F3), and 29 counts of theft (F3).
Hoover is scheduled
to appear in Denver District Court on July 11, 2003 at 1:30 p.m.
in Courtroom 10 for his arraignment.
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