Courts

Mar 20, 2013 1:38 PM by JD Downing

Former El Paso deputy pleads guilty to fraud

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.

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