Thomas Repke, 57, of Holladay, Utah, was indicted on charges he and a co-conspirator bilked at least 100 investors out of as much as $30 million in a Ponzi-type investment fraud scheme. Repke, through his companies, Coadum Capital and Mansell Acquisition Co., promised investors as much as 5 percent per month returns on investments allegedly made by him and a co-conspirator, James Jeffery, 58, of Ontario, Canada. Instead of investing the funds as promised, Repke and Jeffery allegedly transferred "substantial sums of money to themselves and more than $20 million to accounts in Switzerland and Malta for their own benefit. The scheme spanned approximately 2 years between January 2006 and December 2007, according to reports. The two were charged with 22 counts of mail fraud, wire fraud and conspiracy to which they plead not guilty.
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