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Hearing set to appoint new attorney for former real-estate guru Rick Koerber in fraud retrial

Related Topics: Real estate, Guru

Former real-estate guru Rick Koerber likely will be represented by a court-appointed attorney in his retrial in federal court on charges he operated a Ponzi scheme that defrauded investors of millions of dollars.

U.S. Magistrate Judge Paul Warner has scheduled a status conference for Friday, by which time he plans to have made the appointment. At that time, Koerber can choose to be represented by the publicly paid appointee or to represent himself, the judge said.

At a brief hearing on Wednesday, Koerber, who is not a lawyer, said he would like to be represented by counsel.