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Will Hoover, Denver's once-prominent financial adviser already under indictment for alleged swindling, says he may face more criminal charges.
In a May 28 memo to client-creditors, Hoover wrote "I have heard that, unfortunately, a se ond indictment against me is forthcoming."
Phil Parrott, who's handling the Hoover case for the Denver District Attorney's Office, would neither confirm or deny more charges will be filed against Hoover.
"All I can confirm is what I said when the first indictment was handed down, which is the investigation is continuing," said Parrott, the D.A.'s chief deputy of the economic crime unit.
Fred Joseph, commissioner of the Colorado Division of Securities, also said he couldn't say if more charges against Hoover are coming. The Denver Grand Jury handed down a 29-count indictment against Hoover on April 16, 2003, alleging racketeering, securities fraud and theft.
If convicted of racketeering, the harshest charge, Hoover could get as many as 48 years, if the judge finds aggravating factors. The judge in Hoover's criminal case currently is Denver District Judge Sheila Ann Rappaport.
Lesser charges carry a maximum sentence of...