Hawaii man pleads guilty to investment fraud - Hawaii News Now - KGMB and KHNL

Hawaii man pleads guilty to investment fraud

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HONOLULU (HawaiiNewsNow) -

HONOLULU (AP) - A man who recently surrendered in Hawaii to face charges in an investment fraud scheme has pleaded guilty to operating a Ponzi scheme in Kauai.

FBI spokesman Tom Simon says 63-year-old Peter Heckmann changed his wire fraud plea on Thursday in U.S. District Court.

Simon says Heckmann's sentencing has been set for July 25.

A Honolulu grand jury indicted Heckmann on wire fraud charges five years ago. Prosecutors say he fled and they became aware in 2010 that he was on the island of Bali, where he was operating a recording studio and a record label.

The FBI launched a social media campaign to generate interest in an international manhunt for Heckmann.

He surrendered last month at Honolulu International Airport after voluntarily returning to Hawaii to face charges.

Related story: $1.2 million fraud fugitive surrenders at Honolulu Airport

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