FORT LAUDERDALE, Fla. -- The gold bullion brothers, William and James Alderdice, were charged Thursday in 203 counts each of fraud and theft.
The Alderdices, operators of the collapsed International Gold Bullion Exchange, won their freedom after more than eight months in jail only last Monday night when they managed to raise $800,000 in bail.
They are awaiting trial on both state and federal fraud charges.
The Broward County State Attorney filed the additional charges against them Thursday. The charges against each brother include four counts of operating an organized scheme to defraud, 50 counts of first-degree grand theft, 50 counts of grand theft, 33 counts of selling unregistered securities, 33 counts for the sale of securities by unregistered dealers, and 33 counts of fraudulent sale of securities.
The brothers, through their attorneys, have agreed to surrender to authorities sometime before noon Friday, said Dave Casey, a spokesman for the Broward state attorney.
The Fort Lauderdale-based International Gold Bullion Exchange was forced into bankruptcy by court order a year ago. In 42 months of operation it collected about $140 million from investors from around the nation. A court-appointed trustee has reported the bankrupt firm owes more than $70 million.
In addition to the fraud and theft charges in Florida, the Alderdice brothers also have been indicted for fraud by a New York federal grand jury.
Casey said bond on the new Florida charges would be set at a hearing. Prosecutors had not determined yet the maximum total penalty the Alderdices could face if convicted of all 203 counts.