A jury deliberating the case of three Toledo area businessmen charged with conspiring to defraud investors in Iraqi currency and two related hedge funds was sent back to the jury room about 1 p.m. today after informing the court it could not reach a unanimous verdict on some counts.
U.S. District Court Judge Jack Zouhary told the panel that it was their duty to “talk with each other about the case, to listen carefully and respectfully to each other’s views, and to keep an open mind.” He said the jury should “make every reasonable effort" to reach a unanimous agreement.
Bradford Huebner, 66, of Ottawa Hills; Michael Teadt, 67, of Maumee, and Charles Emmenecker, 67, of Sylvania each are charged with conspiracy to commit wire fraud and wire fraud, while Mr. Huebner also is charged with mail fraud and multiple counts of money laundering and structuring transactions to evade reporting requirements. Mr. Teadt faces an additional charge of making a false statement to an Internal Revenue Service agent, mail fraud, and three counts of structuring.
After hearing two weeks of testimony, the jury began deliberating late Monday, convened all day Tuesday, and returned at 9 a.m. today.