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Published September 08, 2010, 09:52 PM

New Charges Filed; Others Dropped At Haugen Hearing

New charges have been filed against a former Grand Forks stockbroker already charged with defrauding people in Walsh County out of nearly $3.5 million.

By: Brady Mallory, WDAZ

New charges have been filed against a former Grand Forks stockbroker already charged with defrauding people in Walsh County out of nearly $3.5 million.

Ross Haugen faces eight new felony charges including sale of unregistered securities and unlawful custody of client funds, but at the same time some other charges were dropped.

He was originally charged with over 50 felony counts including theft, securities fraud and acting as an unregistered agent in North Dakota and Minnesota.

With the reductions and additions today, he now faces a total of 36 counts.

Haugen's attorney Steve Meshbesher said the court should look to another man and not his client.

"What I suggested in May is Mr. Haugen is the victim of a fraud himself. Mr. Hampton committed that fraud. The state now believes he is a defendant and not a witness. They have realized Hampton is the crook here, and they should dismiss Mr. Haugen," said Meshbesher

He said Hampton has been arrested in Florida.

Hampton now faces three charges in Walsh County related to the Haugen case.

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