(KSFY) - A 56-year-old Sioux Falls man has been indicted by a federal grand jury on 11 counts of wire fraud and money laundering.
The office of South Dakota United States Attorney Ronald Parsons Jr. says Paul Erickson entered a not guilty plea Wednesday.
The indictment alleges that over a 22 year time period, from 1996 to 2018, Erickson engaged in a pattern of fraud as he worked to obtain money from investors to support the work of three companies he owned; Compass Care Inc., Investing with Dignity LLC and a third unnamed company that was interesting in developing business opportunities in the Bakken Oil Fields in western North Dakota.
Erickson was released on bond.
Erickson is the boyfriend of Maria Butina, an accused Russian spy who pleaded guilty last December for her efforts to infiltrate Republican political circles and to influence U.S.-Russian relations before the 2016 presidential election.
This is a developing story. Stay with KSFY News both on air and online for the latest.