Sioux Falls Man Indicted For Wire Fraud
United States Attorney Brendan V. Johnson announced that a Sioux Falls, South Dakota, man has been indicted by a federal grand jury for Wire Fraud.
Eugene Joseph Drong, age 71, was indicted on September 9, 2014. He appeared before U.S. Magistrate Judge John E. Simko on September 16, 2014, and pled not guilty to the Indictment.
The maximum penalty upon conviction is up to 20 years in custody and/or a $250,000 fine, 3 years of supervised release, and $100 to the Federal Crime Victims Fund. Restitution may also be ordered.
Drong was indicted in federal court on 21 counts of wire fraud.
The charge is merely an accusation and Drong is presumed innocent until and unless proven guilty.
The investigation is being conducted by the Federal Bureau of Investigation. Assistant U.S. Attorney Jeffrey C. Clapper is prosecuting the case.
Drong was released on bond pending trial. A trial date has not been set.