MIAMI (CelebrityAccess) — Former concert promoter Jack Utsick entered a plea of not guilty to federal charges of fraud and money laundering.
Utsick, formerly the head of Worldwide Entertainment, has been accused of operating a Ponzi scheme where he allegedly defrauded an estimated 3,300 investors out of almost $300 million. He was returned to the U.S. earlier this year from Brazil after an lengthy extensive extradition process.
A trial date of March 23rd has been tentatively scheduled, CBS News reported.
Utsick is currently being represented by a public defender and his bid to be released on bail during the trial was denied last month. – Staff Writers
