Someone with a stronger stomach than mine can abstract and digest Matthew D. Hutcheson and Annette Hutcheson, T. C. Memo. 2025-1, filed 1/2/25. Matthew D. Hutcheson got a 17 (count ’em, 17) year stretch after being convicted on 17 (ditto) counts of wire fraud in USDCDID.
“During his career he held himself out as an expert in fiduciary responsibilities for qualified retirement plans and held symposiums offering training in such services. He has published numerous articles on retirement-plan fiduciary responsibilities. He also was a frequent speaker on topics relating to retirement plans and testified before the U.S. Congress about qualified plans, fiduciary obligations, and the need to provide accounting transparency to plan participants.” T. C. Memo. 2024-1, at pp. 3-4.
He also stole $5 million from pension funds he managed (T. C. Memo. 2024-1, at p. 2), whose participants were over the age of 60 (T. C. Memo. 2024-1, at p. 6) for his personal use.
Judge Goeke has the details. I’ll waste no more readers’ time on this mini-Madoff.
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