"A judicial hearing on the terms of Ken Mattson's bail got boisterous Wednesday in San Francisco when a U.S. District Court judge began talking about renewed jail time. The two sides were discussing the value of a house on La Salle Avenue in Piedmont owned by Mattson's wife, Stacy and whether there were alternative properties the Sonoma-based couple might offer as part of Ken Mattson's criminal bond agreement, when Magistrate Judge Alex G. Tse said, I could remand into custody."
"About 20 people were seated in the courtroom, and some began clapping and urging, Yes! The gallery was mostly filled by people who had invested in Mattson-related ventures, and they had gathered at the Phillip Burton Federal Building as a show of strength, and to encourage Tse to throw the book at the man they accuse of defrauding them. The judge admonished those who clapped and spoke aloud."
"Mattson has been free on bail since the first hearing following his arrest and indictment in May on nine felony counts of wire fraud, money laundering and obstruction of justice. He stands accused by prosecutors of running a Ponzi scheme that bilked potentially hundreds of investor clients out of tens of millions of dollars over a period of at least 15 years."
A judicial hearing on Ken Mattson's bail became boisterous in San Francisco when Magistrate Judge Alex G. Tse indicated he could remand Mattson into custody. About 20 people in the courtroom began clapping and urging approval, many of them investors in Mattson-related ventures who had gathered at the Phillip Burton Federal Building. The judge admonished the gallery and warned that further outbursts could result in removal. Mattson has remained free on bail since his May arrest and indictment on nine felony counts. Prosecutors allege a Ponzi scheme that defrauded potentially hundreds of investors of tens of millions. More than 70 written victim statements were submitted, but the judge declined to hear planned oral statements as irrelevant to bail issues.
Read at www.pressdemocrat.com
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