MASON, OH (FOX19) - An Ohio lawmaker facing 16 felony fraud charges appeared in court Thursday.
Ohio State Rep. Peter Beck (R-Mason) along with a certified public accountant, John Fussner, were formally charged in July for their alleged activities involving Ohio software company Christopher Technologies, LLC or CTech.
Authorities say Fussner was the president and Beck was the CFO of CTech.
Beck is accused of misleading investors about the company's financial status and using their money for personal gain. According to the indictment, the victims lost approximately $200,000.
The indictments followed a referral from the Ohio Dept. of Commerce Division of Securities.
The Ohio lawmaker was released on a $50,000 bond after turning himself in to authorities last July. He's pleaded not guilty to 16 counts, including two counts of misrepresentation in the sale of a security, two counts of unlicensed sale of securities, two counts of fraud in the sale of securities, two counts of sale of unregistered securities, two counts of selling securities in an insolvent company without full disclosures, two counts of making a false statement about the financial condition of an issuer and four counts of theft by deception.
During an appearance in court Thursday, the trial was continued until December 18.
If convicted, Beck faces a possible maximum sentence of 102 years in prison. Fussner was indicted on several counts and faces a maximum sentence of 43 years in prison if convicted of all charges.