Congdon and Kovick sentencing postponed until September
Bryce Gray | Hagadone News Network | UPDATED 13 years, 3 months AGO
MISSOULA — Last month in United States District Court, the sentencing for Robert Congdon and Keith Kovick was postponed from July 26 until Sept. 6.
Congdon and Kovick are on trial for their involvement at the head of Polson-based Cornerstone Financial Inc. in what was the largest Ponzi scheme in Montana history. Between 2000 and early 2009, the pair swindled investors out of more than $14.3 million.
They have pled guilty to charges of mail fraud, wire fraud and money laundering and are currently released on special conditions. According to the U.S. Attorney’s Office, Congdon faces potential sentences of up to 20 years in prison, a $250,000 fine and three years supervised release on each of 19 counts, while Kovick faces the same possible penalties on 16 different counts.
ARTICLES BY BRYCE GRAY
Compact discussed in Helena
HELENA - On Monday, the legislative Water Policy Interim Committee met before a large crowd in Helena to discuss a new report released by the Department of Natural Resources and Conservation and the Reserve Compact Commission regarding the negotiated water compact for the Flathead Reservation.
Sentence deferred for death threats
POLSON — In Lake County District Court last week, a man charged with issuing death threats to Polson city officials was given a two-year deferred sentence.
Lakefront vacation home destroyed in Finley Point fire
FINLEY POINT — There is “nothing left” of a Finley Point summer home that was decimated by a fire on Thursday morning, according to Finley Point Fire Chief Chris Ricciardi.