Idaho Resort’s Suitor Under Trial
BOISE, Idaho (AP) — Prosecutors spent the fourth day of a former Tamarack Resort suitor’s federal fraud trial trying to show jurors he used retirees’ money to enrich himself amid his unsuccessful bid to take control of the Idaho vacation getaway. Matthew Hutcheson faces 17 counts of wire fraud.
He listened intently Monday in a dark jacket and striped tie as prosecutors called about a half-dozen witnesses in U.S. District Court in Boise. One of them, a Virginia hard-money lender named James Fletcher, recalled giving Hutcheson a $425,000, 5 percent-per-month loan in 2011 that was never repaid.
Fletcher told jurors he likely wouldn’t have loaned Hutcheson money — had he known the collateral had been purchased with people’s retirement savings. Hutcheson’s trial may conclude next week, possibly by Tuesday.