After deliberating for two days, a jury in St. Paul, Minn., yesterday found former entrepreneur Bryan Reichel guilty on 11 counts of fraud, but not guilty of concealing bankruptcy estate property, the Minneapolis Star Tribune reported today. Reichel was indicted in 2014 on allegations that he lied to investors to get them to fund his start-up company, PureChoice. Last year, the grand jury added five charges alleging that after PureChoice closed its doors in 2011, Reichel tried to defraud the bankruptcy court. Jurors saw pages and pages of e-mails and heard hours of testimony from former PureChoice employees and investors during the nearly monthlong trial. They found Reichel guilty on seven wire fraud counts and four bankruptcy fraud counts. Read more.
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