A convicted fraudster was arrested last week after repeatedly failing to appear for his sentencing hearing and was indicted for bail jumping.

David J. Aubel, 60, of Matthews, North Carolina, was indicted on one count of failure to appear.

Aubel pleaded guilty to one count of conspiracy to commit securities and wire fraud, one count of securities fraud, and three counts of wire fraud in November 2017 in connection with his role in a stock manipulation scheme. He had been released pending sentencing.

According to court documents, Aubel repeatedly failed to appear for scheduled and repeatedly rescheduled sentencing hearings in September and October of this year. Each time Aubel informed the court by phone or through counsel that his father was in poor health and that he was at his bedside.

Aubel’s sentencing was rescheduled for Oct. 18, 2018; however, Aubel once again failed to appear at that hearing, informing the court through counsel that he had been hospitalized the night before. Aubel’s sentencing was then rescheduled for Nov. 5, 2018. Again, Aubel failed to appear for his sentencing on that day. Subsequently, the court issued a warrant for his arrest and on Nov. 16, 2018, Aubel was arrested as he exited a hotel in Charlotte, North Carolina.

Fugitive in Stock Manipulation Conspiracy Charged with Bail Jumping

by Banker & Tradesman time to read: 1 min
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