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Idaho pension trustee pleads not guilty to charges

A pension fund trustee charged with diverting more than $5 million from those retirement accounts to help finance his failed bid to buy Tamarack Resort has pleaded not guilty in federal court.

Forty-one-year-old Matthew Hutcheson made an initial appearance April 12 in U.S. District Court in Boise on 17 counts of wire fraud and 14 counts of theft from a pension fund.

Hutcheson was arrested by FBI agents at his Eagle home April 11, one day after being indicted by a federal grand jury.

He is accused of pulling more than $2 million from one account in his trust and using the money to renovate his home and buy vehicles. He is also accused of using $3.2 million from another fund to help finance his purchase of the central Idaho ski resort.

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