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Former Chief Fiduciary of Several 'Multiple Employer' Pension Plans Indicted on Charges of Misappropriation of Funds
The Pension Protection Act Blog 
Apr. 12, 2012
"Matthew Hutcheson, former Chief Fiduciary of several multiple employer plans, was arrested [on April 11], charged with 17 counts of wire fraud and 14 counts of misappropriating pension funds. The indictment seeks to recover more than $5 million which the federal government claims Mr. Hutcheson misappropriated from the plans and spent making renovations to his house and buying two SUVs, a BMW convertible, two motorcycles, and a John Deere tractor, along with spending $3 million in a failed attempt to buy the Tamarack Resort in Donnelly, Idaho."
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