An Idaho judge has ruled that would-be Tamarack Resort buyer Matthew Hutcheson can no longer oversee retirement funds. U.S. District Judge Edward Lodge Wednesday issued an injunction against the Eagle businessman who bid $40 million for the bankrupt ski resort in 2010.
Hutcheson is accused of wire fraud and theft for allegedly taking more than $ 2 million from pension funds he oversaw. In the order, Lodge writes that Hutcheson could cause further injury to the pensions if he is allowed to manage them while his case plays out.
The U.S. Department of Labor sought the injunction.