Man Charged With Defrauding Walsh Co. Residents Out of Millions
A Grand Forks securities agent who lost his state registration in 2004 is accused of defrauding Walsh County residents out of nearly $3.5 million dollars.
A Grand Forks securities agent who lost his state registration in 2004 is charged with defrauding Walsh County residents out of nearly $3.5 million dollars.
Ross Haugen faces charges including felony theft, securities fraud and acting as an unregistered agent. He is being held in the Hennepin County Jail awaiting extradition to Walsh County.
Haugen earlier was part of a larger Securities and Exchange Commission civil investigation. Some of the victims have gotten about $400,000 dollars of the money back.
Haugen has not been registered as a securities agent in North Dakota since he withdrew the registration in 2004 as the Securities Department was preparing to revoke it.
Tags: ross haugen, walsh county, fraud, haugen
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