Former Stockbroker Misses Repayment Deadline, Faces Jail
A former North Dakota stockbroker and admitted felon who missed a court deadline to pay $2.1 million to his former clients now faces prison, notes an article in the Grand Forks Herald. The stockbroker, Ross Haugen, pleaded guilty earlier this month to taking $2.5 million in spurious investments from six clients. In a plea deal in state court, Haugen agreed to repay $2.1 million he stole from clients in 2006 and 2007. For that, the state’s attorney promised not to request prison time for him. However, Haugen missed his Jan. 29