Anger follows dismissal of Ponzi scheme case

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SALT LAKE CITY (AP) — A federal judge’s dismissal this week of a case against a Utah businessman charged with running a multimillion-dollar Ponzi scheme triggered an angry response from the state official who investigated him.

U.S. District Judge Clark Waddoups dismissed the case because he said federal prosecutors violated real estate investor Rick Koerber’s right to a speedy trial in the 5-year-old case. On Thursday, he dismissed the 18 counts of fraud and money laundering with prejudice, so they can’t be refiled, the Salt Lake Tribune reported (http://bit.ly/1rffcJV ).

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