Hide Article Text (OCR)
Judge den les Gaver new trialFormer Frederick businessman found guilty of $50M bankfraud schemenMark GaverBy CAMERON DODDcdodd § newspost. comA federal judge has denied a former Frederick technology company owner’s request for acquittal or a new trial one week after he was convicted of fraud.Mark Ian Gaver, who was found guilty Aug. 1 of a $50 million bank fraud scheme, was denied his requeston Thursday. Gaver will likely appeal his conviction, according to an attorney.Motions filed on behalf of Gaver, 56, argue that the evidence against him was not sufficient to sustain a guilty verdict, according to court documents.A jury found Gaver guilty of eight counts of bank fraud and two counts of money laundering after a seven-day trial in U.S. District Court for the District of Maryland. Gaver faces up to 30 years in prison for each bank fraud count, as well as 10 years for each of the two money laundering charges.The U.S. Attorney’s Office accused Gaver of misleading Santander Bank loan officers to secure increasingly(See GAVER B2)
Newspaper Details
The Frederick News Post
Frederick, Maryland, US
Fri, Aug 10, 2018
Page 7
Full Page
Clipped by
Anonymous
USA 19 May 2025
Other Publications Near Frederick, Maryland
The Frederick News Post
News
Frederick County Leader
Frederick News Post Journal
Frederick News Post Leader
