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Published May 27, 2010, 04:03 PM

Haugen In Custody In Walsh County

North Dakota authorities now have a securities agent charged with defrauding Walsh County residents out of millions in custody. Ross Haugen was extradited from a Hennepin County jail to Walsh County Thursday.

North Dakota authorities now have a securities agent charged with defrauding Walsh County residents out of millions in custody.

Ross Haugen was extradited from a Hennepin County jail to Walsh County Thursday.

Haugen is accused of defrauding Walsh County residents out of nearly $3.5 million dollars.

He faces charges including felony theft, securities fraud and acting as an unregistered agent.

He will make a first court appearance Friday in Grafton.

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.

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