John Mann 12:38 p.m., March 11
La Madrid Trial Begins Feb. 8
Matthew "Beau" La Madrid and his brother, Lance La Madrid, will go on trial Feb. 8 before U.S. District Court Judge William Q. Hayes. An indictment by the U.S. Attorney's office charges the brothers, who operated out of El Cajon, with wire fraud, mail fraud, and bank fraud. Beau La Madrid is additionally charged with money laundering and witness tampering in the Plus Money Premium Return Funds and related real estate investment schemes. According to the indictment, investors were falsely told that their funds were making money in stock market options, but the funds had been lost or dissipated.