Mar 20, 2013 1:38 PM by JD Downing
DENVER (AP) - A former El Paso County deputy sheriff has pleaded guilty to wire fraud and money-laundering charges.
U.S. Attorney John Walsh said Wednesday that David Hawkins of Colorado Springs pleaded guilty last week.
Prosecutors say Hawkins collected $1.2 million from his colleagues at the El Paso County Sheriff's Office, other law enforcement officers, friends and relatives for trading foreign exchange funds. Estimated losses to investors totaled about $215,000.
Hawkins faces one count of wire fraud which carries a penalty of not more than 20 years in federal prison and a fine of up to $250,000. He also faces one count of money laundering which carries a penalty of not more than 10 years in federal prison and a fine of up to $250,000.
Sentencing is scheduled June 7.