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Fiduciary Pleads Not Guilty to Fraud

Retirement adviser Hutcheson accused of taking more than $2 mln from pension fund.

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Matthew Hutcheson, an Idaho independent fiduciary who advises companies on retirement plans and has testified before Congress, pleaded not guilty to charges that he took more than $2 million from a fund he oversaw and spent it on himself and his family.

Hutcheson, 41, used the money to remodel his house in Eagle, Idaho, build a 4,100-square-foot barn, a swimming pool, a hot tub and a dog house, according to an indictment filed in federal court in Boise on April 10. He also bought a BMW convertible and a Land Rover.

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