James Nathan Fry, age 57, of Orono, Minnesota, with five counts of securities fraud, four counts of wire fraud, and three counts of making a false statement to the United States Securities and Exchange Commission during its investigation of investments in PCI by hedge funds under the management of Fry’s company, Arrowhead Capital Management.
Fry arrived in handcuffs and pleaded not guilty. He surrendered his passport. He's out on $100,000 bond. Trial in February.