|Removing Three Zeros - Brad Huebner, |
Charlie Emmenecker, and Michael Teadt
do the perp walk.
Huebner, the founder of BH Group, which sold the currency known as dinar, also was convicted on 30 counts of structuring, nine counts of money laundering, and one count of mail fraud.
“The IRS put together a great case. They worked very hard on it,” Gene Crawford, an assistant U.S. Attorney and lead counsel on the case, said afterward. “…We’re gratified with what the jury did.”
The verdicts were read at 10 a.m. after the jury of six men and six women had deliberated for more than 17 hours over four days.
Huebner argued that he was engaged in a legal business, while Emmenecker and Teadt claimed they had no direct connection to the BH Group and never profited from the sale of dinar or the hedge fund placements.
Sentencing is expected to be held in the fall.