Fraud shatters high-tech dream of David Tacke and VenueTech Systems.
| April 6, 2006 |  View for printing |
Kalispell businessman David Tacke had a high-tech dream that he believed would make his investors and him rich.
But instead, Tacke today sits in a federal prison in Oregon where he is expected to remain until 2013. He is required to pay nearly $1 million in restitution to investors.
By CHARLES S. JOHNSON and JENNIFER McKEE of the Standard State Bureau
Full Story: http://www.mtstandard.com/articles/2 ... djcgfhd.txt
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Morrison: Relationships didn't alter fraud probe
By MIKE DENNISON and CHARLES S. JOHNSON of the Missoulian State Bureau
State Auditor John Morrison agreed to have an outside attorney handle a 2003 securities fraud case in part because he earlier had an extramarital affair with a woman connected to the targeted companies, the Missoulian State Bureau has learned.
Morrison, the leading Democrat in Montana's U.S. Senate race, said that hiring an outside attorney is rare but not unprecedented. It was the best thing to do under the circumstances and led to a good result, he said.
The companies, operated by David Tacke of Kalispell, were ordered to offer refunds to investors and create an independent board of directors, among other punishments.
Full Story: http://missoulian.com/articles/2006/ ... /news01.txt
Previous Stories:
Kalispell businessman, David Tacke of VenueTech gets prison http://www.matr.net/article-16420.html
Former CEO of Venue Tech System, David Tacke, convicted of fraud, money laundering in Kalispell. http://www.matr.net/article-15193.html
Auditor orders Kalispell business, Venue Tech Systems, to refund stock http://www.matr.net/article-7683.html
Shareholders, former employees offer opposing views of embattled Kalispell firm Venue Tech Systems http://www.matr.net/article-6226.html
State alleges fraud by Kalispell businessman David Tacke of Venue Tech Systems, Binocs Manufacturing and Tekware Solutions http://www.matr.net/article-5762.html
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