UPDATE: Fraud convict dies days after warrant issued

Published: Mar. 11, 2016 at 12:33 PM CST
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A 35-year-old Minnesota man convicted of representing himself as stock broker and selling fake stocks to the tune of $170,000 has died.

NewsChannel 7 learned this week the convictions against were dismissed as Andy Vang had died Nov. 2 in Brooklyn Park, Minn. The cause of his death was not made public.

Yang agreed to the terms of plea deal last September, but failed to appear in court on Oct. 28 for a sentencing hearing. A judge then issued a bench warrant.

Marathon County Assistant District Attorney Molly Lawrence told NewsChannel 7 seven victims have split Vang's $20,000 cash bond he forfeited by missing the Oct. 28 court appearance. Lawrence said the bond was divided by percentage the victims lost.

She said it's possible the victims could go after Vang's estate to seek additional damages, however, that would need to be done through a separate civil case.

According to court documents, most victims invested a minimum of $10,000 to buy what they though were stock in Apple, Google, and Hewlett Packard. Prosecutors said the victims were lead to believe Vang worked for a Madison investment firm; when in fact, he had no affiliation, despite business cards and letterhead he had been using.

In one case, Vang is accused of telling someone if they bought $30,000 worth of Google they'd receive $1.9 million back.