A BUSINESS PARTNER OF A FORMER MONTEREY COUNTY TALK SHOW HOST WAS FOUND GUILTY OF FRAUD THIS WEEK. SEASIDE RESIDENT 62-YEAR OLD MICHAEL SWANSON WAS CONVICTED OF FEDERAL MAIL AND SECURITIES FRAUD ALONG WITH CONSPIRACY. SWANSON WAS A PARTNER WITH “MONEY DOTS” RADIO PRODUCER BARBRA ALEXANDER IN THE MONTEREY–BASED FIRM APS FUNDING. SWANSON AND ANOTHER PARTNER, BETH PINA WERE INDICTED ALONG WITH ALEXANDER IN OCTOBER 2010. PINA PLEADED GUILTY TO SIMILAR CHARGES LAST DECEMBER, WHILE ALEXANDER PLEADED INNOCENT. A TRIAL IS SLATED FOR ALEXANDER ON NOVEMBER 4TH. SWANSON FACES UP TO 20-YEARS IN FEDERAL PRISON AND MORE THAN 5-MILLION DOLLARS IN FINES AND RESTITUTION. HE IS SLATED TO BE SENTENCED DECEMBER 18TH.
