High: 72º Low: 46º
High: 75º Low: 46º
High; 54º Low: 44º
Tamarack Buyer Indicted On Wire Fraud
BOISE, Idaho (KBOI-TV) — An Eagle man once considered a buyer of a failed Idaho ski resort has been indicted by a federal grand jury on more than two dozen counts of wire fraud and theft from pension funds.
The indictment against 41-year-old Matthew Hutcheson was unsealed in federal court Wednesday.
Hutcheson was arrested Wednesday and is scheduled to appear in U.S. District Court in Boise Thursday.
Hutcheson made a $40 million bid last year to buy Tamarack Resort in central Idaho. The ski and golf resort 90-miles north of Boise struggled during the recession and is locked in foreclosure litigation in a state court.
The indictment accuses Hutcheson — who served as a trustee for employer pension funds — of scheming to defraud two funds of $5 million to help buy the resort.