To the sound of sobbing from where Ross Haugen’s wife and daughters sat in the courtroom, a judge on Wednesday sentenced the former stockbroker to two years in prison for selling securities without a license to six clients, who lost most of the money in the scheme.
Haugen pleads not guilty in two of four cases in Walsh County Trial dates have been set in two of the four cases charging former Grafton, N.D., and Grand Forks stockbroker Ross Haugen with securities fraud and theft.
Hampton blamed by Ross Haugen in Grafton case A preliminary hearing Wednesday for a Florida man charged in Grafton, N.D., in what prosecutors call a Ponzi scheme was postponed while a plea agreement is being worked out, according to Kelley Cole, assistant state’s attorney in Walsh County.
Haugen accused of bilking millions from area investors
A judge has ruled there is enough evidence to go to trial with prosecutors’ charges that former Grand Forks and Grafton, N.D., stockbroker Ross Haugen ripped off elderly investors in Walsh County.
Haugen accused of defrauding clients in Walsh County
of $3.5 million Despite defense attorney Steve Meshbesher’s argument that Haugen is broke and would need at least 48 hours to raise any money, District Judge Laurie Fontaine set bail on the new charges at $250,000 surety or 10 percent of it in cash on the nine new felony counts.
GRAFTON, N.D. - Hearing that defendant Ross Haugen has little or no money or assets, state District Judge Laurie Fontaine reduced his bail amount to 10 percent of the $500,000 "cash only" bond she imposed last week.by 4:30 p.m. today, Haugen had bailed out, a jailer said.
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