Erik Osborn found guilty, faces up to 24 years in prison
We've chronicled the story of disgraced One Lincoln Park developer Erik Osborn, who was accused of stealing from partners such as "Dealing Doug" Moreland and talk-show host Tom "Lou from Littleton" Manoogian, in a May feature article and a series of blogs accessible here.
Here's looking at you, Erik Osborn.
The latest development? Osborn has been found guilty of two felony theft counts.
The story's not over. There's a third theft charge pending against Osborn, and he's pleaded not guilty in relation to it. But no matter what happens in that matter, he's due to be sentenced for the other two -- and he could wind up with a 24-year sentence. Get more details from a release from the Denver District Attorney's Office below:
DEVELOPER FOUND GUILTY
A Denver jury has found a local developer guilty today of felony theft in connection with two Denver area development projects. The guilty verdicts came following a 2-week trial and a day and a half of deliberations.
Erik Osborn (dob: 02-03-67) was charged by indictment with two counts of theft (F3) and was found guilty on both counts today.
Osborn was accused of diverting money from two development projects and using the money for improvements to his personal home. The indictment alleges that about $108,000 was diverted from a project at 5351 S. Roslyn Street in Greenwood Village and about $147,000 was diverted from a project at One Lincoln Park in Denver.
Osborn also faces another theft case. He entered a not guilty plea in connection with that case.
He was led from the courtroom in handcuffs, pending his ability to post a $50,000. His sentencing date is scheduled for February 5, 2010. He faces up to 24 years in prison.