Matthew Hutcheson, an Idaho independent fiduciary who advisescompanies on retirement plans and has testified before Congress,pleaded not guilty to charges that he took more than $2 millionfrom 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 tuband a dog house, according to an indictment filed in federal courtin Boise on April 10. He also bought a BMW convertible and a LandRover.
Hutcheson, indicted on 31 counts of wire fraud and theft,entered a not guilty plea Thursday. Before his arrest, he was acritic of 401(k) managers and trustees who don't act in the bestinterests of their clients.
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