The 56-year-old Topeka man jailed here in Reno for five counts of fraud and five counts of theft for crimes allegedly occurring back in 2007 made a first appearance on the charges this morning.
Billy Compton, Jr., is being prosecuted by the Kansas Securities Commission for allegedly misleading the victim in an investment contract connected to the purchase and resale of used laptop computers, resulting in an alleged loss in each case of 25-thousand dollars. The alleged crimes occurring during a period of August through December of 2007.
He’s also charged with five counts of theft also resulting in thousands of dollars in losses. Those losses occurring over the same period as the fraud charges.
Bond in the case set at 40-thousand dollars and the bond was left the same Tuesday.