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Idaho man pleads not guilty in Calif. fraud case

Posted: June 21, 2013 4:00 p.m.
Updated: June 21, 2013 4:00 p.m.
 

LOS ANGELES (AP) — A man extradited from an Idaho resort town has pleaded not guilty to charges he helped dupe a Los Angeles physician out of more than $28 million in an offshore investment.

Neil D. Campbell was arrested this month in Sun Valley and appeared briefly in court Friday. His preliminary hearing was set for July 8 and he was held on $10 million bail.

Cambell and another man, Philip Powers, face 140 counts of grand theft in an alleged eight-year scheme.

Prosecutors say the men defrauded an orthopedic surgeon, Dr. Gary Michelson, by getting him to invest in a teak farm in Costa Rica, then inflating the price of the property and skimming the difference.

Campbell and Powers could face up to 105 years in prison if convicted.

Copyright 2013 The Associated Press.

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