Hutcheson, who sought to buy Tamarack, arrested by FBI, charged with fraud, theft

Eagle businessman Matthew D. Hutcheson, who made a bid to buy failing Tamarack Resort, was arrested by the FBI today as a federal grand jury indicted him on 17 counts of wire fraud and 14 counts of theft from an employee pension benefit plan. The charges include that in 2010 and 2011, Hutcheson, 41, allegedly misappropriated millions in pension plan assets for his personal use, including to renovate his home, to purchase luxury cars, motorcycles, ATVs and a tractor, and to put up $3.2 million toward his bid to buy Tamarack. Wendy Olson, U.S. Attorney for Idaho, said, “We take allegations of pension fraud very seriously. I commend the federal law enforcement officers who conducted the deliberate and detailed investigation in this case.” You can read Olson’s full announcement here , and the federal indictment here .