SALT LAKE CITY (AP) — A plea agreement for a Utah businessman accused of running a $350 million fraud scheme through his company fell apart Friday in the U.S. District Court in Salt Lake City.
Federal prosecutors initially charged 37-year-old Jeremy Johnson of St. George with mail fraud related to his Internet-based business operations.
Johnson was set to enter a guilty plea Friday to two additional charges of bank fraud and money laundering as part of an agreement.
But the agreement fell apart after Johnson and prosecutors disagreed over terms of the agreement and a list of people that Johnson wanted to ensure would not be prosecuted.
The case is now set to go to trial.
Prosecutors are set to file a new indictment in the case, but won't say if more people will be charged.
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