BOISE, Idaho (AP) — A pension fund trustee and investment adviser from Idaho who made a $40 million bid to buy a failed ski resort was arrested Wednesday on charges of raiding pension funds he was hired to oversee.
Matthew Hutcheson, 41, of Eagle, was arrested by FBI agents at his home on the same day a federal court unsealed a 31-count indictment accusing him of 17 counts of wire fraud and 14 counts of misappropriating pension funds.
Hutcheson, who served as a trustee and fiduciary for national employer pension funds, is accused of scheming to misappropriate more than $5 million in assets from two funds starting in 2010.
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