Lochmiller trial will be in Denver
The long-awaited trial of Valley Investments owner Philip Rand Lochmiller will be in Denver, not in Grand Junction as prosecutors and many investors in western Colorado had hoped.
U.S. District Judge Philip Brimmer cited renovations that will be under way in the Grand Junction federal building and other factors in deciding to conduct Lochmiller’s trial on multiple counts related to fraud and conspiracy in the Denver federal courthouse.
Valley Investments failed in 2009 with more than $30 million from more than 400 investors, most of whom were elderly.
Investors will be able to watch the proceedings via a closed-circuit hookup in the Wayne N. Aspinall Federal Building in Grand Junction, Brimmer ruled.
Read the full story in the Saturday edition of the Daily Sentinel.