Tahoe man to appear on Utah warrant | RecordCourier.com

Tahoe man to appear on Utah warrant

It's not unusual for a story about fraud to begin with the purchase of a bridge, but in the case of a Zephyr Cove man being held on a warrant for fraud and money laundering, the story allegedly began with a proposal to build a bridge.

Mark Sig Neuhaus, 60, is wanted in connection with a warrant issued by the Utah Attorney General's Office for allegedly bilking a man seeking to build a toll bridge across Utah Lake out of $73,000.

He is scheduled to appear in East Fork Justice Court on Wednesday in connection with his arrest last weekend on the warrant, which was originally reported to be issued by federal authorities.

Neuhaus will have the option of waiving extradition or requiring a governor's warrant be issued. While he may fight the warrant, extradition cases are not eligible for appointed counsel.

According to an arrest warrant, issued in February, the victim said that Neuhaus proposed he rent Treasury Notes to obtain a loan for $5.3 million. The victim borrowed $73,000 from another man and the money was to Neuhaus in May 2012.

According to court documents, Neuhaus told the victim that after the money was deposited, the $5.3 million would be available in 90-120 days.

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According to court documents, Neuhaus told the victim he needed another $10,000, which he handed to Neuhaus in person. The victim told investigators he demanded the return of the money several times.

The investigator asked the victim if he knew that Neuhaus had been convicted of wire fraud, and was involved in several lawsuits.

According to information filed in support of the arrest warrant, Neuhaus allegedly spent the money for personal expenses.

Neuhaus is allegedly a former professional racecar driver who was reportedly involved in the sale of Universal Express stocks in the early part of the century that resulted in a $14 million judgment against him, according to court documents in the case SEC v. Universal Express.