Thirteen months after convicted hedge fund swindler David
Mobley Sr. was released from federal prison, he's facing a possible return for
not paying a dime of his $77.3 million restitution to investors.
The 56-year-old Naples, Florida man was arrested last month
on charges he violated terms of his three-year supervised release, which
require him to pay back hundreds of investors he duped through his Maricopa
International Investment offices. He is
scheduled to be in court today for a final revocation hearing before U.S.
District Judge John Steele, who sentenced him in October 2001 on eight counts
of fraud, money laundering and tax evasion; 12 charges were dropped as part of
a plea deal.
In all, 360 investors nationwide lost about $140 million...
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