Fargo broker accused of stealing $250,000 from couple
FARGO - A Fargo investment broker who received a cease-and-desist order last June for allegedly defrauding a client is now accused of bilking a married couple out of more than $250,000.
Two counts of Class B felony theft were filed against Robert Henry Medhus on Friday in Cass County District Court.
If convicted, the 65-year-old faces up to 10 years in prison and a $10,000 fine for each charge.
According to the investigative report by the state Securities Department:
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.