Former AAR exec Evan Montvel Cohen arrested on theft, money laundering charges

[LTR]

Former Air America Radio chairman Evan Montvel Cohen, a controversial figure from the network's early days, has been arrested on theft and fraud charges, KUAM-TV reports.

The media executive was returning from Manila when he was arrested at Guam's airport. He was picked up on a warrant from Hawaii for charges including theft, credit card fraud, forgery, and money laundering. He was placed under house arrest after posting a $75,000 bond. An extradition hearing is set for June 27th.

Many people remember Cohen as one of the primary figures behind the start-up of Air America. Only problem was, his ambitions were bigger than his financial backing. He was also the guy who thought it would be a brilliant idea to borrow money from the Gloria Wise Boys and Girls Club, a move that would haunt the other unsuspecting AAR execs for years to come.

http://ltradio.blogspot.com/2008/05/former-air-america-exec-evan-montvel.html