Suspect in $129M fraud surrenders, denies guilt 

A Canadian man wanted in connection with the operation of a Ponzi scheme has surrendered to authorities in San Francisco and pleaded not guilty, U.S. Attorney’s Office spokesman Jack Gillund said.

William Wise, 62, along with Jacquline Hoegel, 55, of American Canyon, are accused of bilking investors out of more than $129.5 million, the U.S. Attorney’s Office said.

Hoegel was arrested in February and released on bond. Wise turned himself in Monday and pleaded not guilty Tuesday during his first court appearance. His next hearing is May 23, Gillund said.

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