Friday, July 31, 2009

No Luau for Hecker

(AP) While former auto mogul Denny Hecker tries to vacation in Hawaii with his family, the FBI is raiding his home office in St. Louis Park. Hecker's attorney received a call from the Feds informing him of three search warrants.

The government is looking for evidence of bankruptcy fraud, conspiracy, mail fraud, wire fraud and money laundering.

The attorney for Hecker says Hecker has done nothing wrong and is cooperating with investigators.

Hecker filed for bankruptcy following the failure of his business. He reportedly owes creditors $767 million. He has not been charged with a crime and denies any wrongdoing.

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