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Fugitive in $1.2 million scheme arrested after 6 years on the run

By Nelson Daranciang

LAST UPDATED: 06:08 p.m. HST, Mar 12, 2013

A 54-year-old German national who has been wanted in the United States since 2007 for allegedly operating a $1.2 million Ponzi scheme on Kauai turned himself in to authorities at Honolulu Airport this morning.

Following his arrest Peter Heckmann went to U.S. District Court where he pleaded not guilty to seven counts of wire fraud.

U.S. Magistrate Judge Richard L. Puglisi set trial for May.

Heckmann agreed to remain in custody without the opportunity for bail pending trial.

The federal prosecutor had charged Heckman in May 2007 with one count of wire fraud and he was scheduled to plead guilty two months later. Heckman never showed up for the July hearing.

Later that month a grand jury returned an indictment charging Heckmann with seven counts of wire fraud.

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cojef wrote:
Probably spent his last bucks and now needs a largess to survive. One can spend enormous sums to avoid being caugfht.
on March 12,2013 | 10:10AM
false wrote:
Or you can be a shill for the democrat party in exchange for protection.
on March 12,2013 | 01:31PM
allie wrote:
on March 12,2013 | 12:40PM
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