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Man pleads guilty in Cincinnati Grand Prix fraud

Updated: January 3, 2013, 6:47 PM ET
Associated Press

CINCINNATI -- A man who told investors and Cincinnati leaders he could bring a Grand Prix auto race to the city has pleaded guilty to wire fraud and money laundering.

Authorities say financial adviser Curtis Boggs fled Cincinnati months ago after it became apparent there would be no race. The FBI arrested him last October, when authorities say he tried to re-enter the United States from Mexico.

The U.S. attorney's office said Thursday that Boggs solicited investments in a company ...

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