Thursday, July 18, 2013

Feds: Would-Be Tamarack Swindler Should Go to Prison for 210 Months

Posted By on Thu, Jul 18, 2013 at 10:21 AM

Michael Hutcheson in November 2010, announcing his plan to buy Tamarack.
  • George Prentice
  • Michael Hutcheson in November 2010, announcing his plan to buy Tamarack.

Federal prosecutors call Matthew Hutcheson an "unrepentant schemer" who should got to prison for more than 17 years for his role in raiding retirement accounts to fuel his scheme to buy Tamarack. A federal jury deliberated about three hours in April before finding Hutcheson guilty of 17 counts of felony wire fraud.

In November 2010, Michael Hutcheson of Eagle stood before the media saying he had a plan to buy the Tamarack ski resort for $40 million. When Boise Weekly tried to ask him about the details of his plan, he said he wouldn't take any questions.

Prosecutors said Hutcheson stole funds to, among other things, purchase an interest in the Tamarack Resort's golf course, renovate his Eagle home and purchase personal vehicles. During his federal court trial, prosecutors showed how Hutcheson took nearly $5 million from two pension accounts.

The Associated Press reports that Assistant U.S. Attorney Ray Patricco, in his sentencing recommendation, wrote that Hutcheson would go to any lengths to deceive and take advantage of others to help himself. Patricco wrote that Hutcheson should go to prison for 210 months.

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