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Man to be sentenced in Kauai Ponzi scheme

By Associated Press

POSTED:
LAST UPDATED: 06:05 a.m. HST, Nov 14, 2013


A man who surrendered at Honolulu International Airport to face charges in an investment fraud scheme is facing sentencing.

Peter Heckmann is scheduled to be sentenced Thursday in federal court. He pleaded guilty in April to wire fraud.

A Honolulu grand jury indicted Heckmann on wire fraud charges five years ago. Prosecutors say he fled and they became aware in 2010 that he was on the island of Bali, where he was operating a recording studio and a record label.

The FBI launched a social media campaign to generate interest in an international manhunt for Heckmann.

He surrendered at the airport after voluntarily returning to Hawaii to face charges.

According to his plea agreement, he defrauded investors of at least $1 million in a Ponzi scheme on Kauai.






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