- Associated Press - Wednesday, September 9, 2015

MILES CITY, Mont. (AP) - A Miles City man has pleaded not guilty to six felony charges filed after prosecutors say he deceived people into investing more than $2 million into his “house flipping” business.

The Miles City Star reports (https://bit.ly/1L2Mgxc ) Richard Brandt entered his pleas Tuesday to felony counts of exploiting an older person, theft by embezzlement, failure to register as a security salesman, failure to register a security, fraudulent practices and operating a pyramid scheme.

The allege offenses occurred between January 2011 and June 2015.

Charging documents allege Brandt told investors he was going to buy, remodel and sell homes in Nebraska and Missouri, but that he used most of the money for personal expenses.

Before the charges were filed, Brandt agreed to pay more than $2 million in restitution.

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Information from: Miles City Star, https://www.milescitystar.com


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