Garrett Elder, the Anchorage man accused of carrying out a multi-million dollar fraud, made his first appearance before a judge on Thursday.
The 30-year-old Elder did not have anything to say when he entered the federal courthouse in Anchorage just before 10 a.m. on Thursday. He sat next to his court-appointed attorney during the arraignment before Chief Magistrate Judge Matthew Scoble.
Elder is accused of wire fraud by the federal government, which claims that he took money from investors and lost most of it, then provided the alleged victims with fraudulent statements indicating their investments had earned significant profits. The judge released Elder under the condition that he forfeit his passport and not leave Alaska without permission. Elder answered several questions from the judge, but turned down a chance to ask questions or make any statements.
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