Richard Arthur Pundt – Indictment dismissed
Back in 2007, Richard Pundt was indicted for his alleged involvement in a HYIP program (or prime bank program). The indictment alleged Richard Pundt was a broker or intermediary. Ronald Nolte was the alleged Fed Trader.
Others indicted were:
John Brent Leiske
Paul R. Martin
William Joseph Ferry
Ronald J. Nolte
Dennis J. Clinton
Brad Keith Lee
Link to Indictment
Link to Order Dismissing Indictment against Richard Arthur Pundt
Comment from article about case:
Link to article that appeared Sept. 29, 2011 in OCWEEKLY
According to multiple sources with knowledge of the case, top-level DOJ officials met in a closed-door Washington, D.C., session and decided to release Pundt. He held a press conference in Iowa, declared himself "completely exonerated" and thanked U.S. Attorney General Eric Holder for intervening. At the event, he said nothing more about the existence of a government-sanctioned, hidden economy.
(Pundt declined the Weekly's request to explain his beliefs on the topic.)
DOJ officials claim the "new circumstances" that came to their attention are state secrets. That part of the Tarpinski file has been sealed. Not even the lawyers for the remaining defendants know what information it contains.