The man accused in one of Waterloo Region’s largest fraud cases ever must remain behind bars.
A judge delivered that ruling Tuesday, denying Daniel P. Reeve bail – even though he had been granted it in 2013.
Reeve, now 59, has been in custody ever since his 2012 arrest.
Waterloo Regional Police allege that Reeve, operating through businesses DPR Financial and Jakobstettle Inn, bilked more than 100 people out of nearly $30 million. Those allegations have not been proven in court.
In December 2013, a judge ruled that Reeve was eligible for bail – provided two people come forward to act as sureties, and back that up with a combined $80,000.
A bail review hearing took place Tuesday.
It ended with Reeve visibly upset and near tears, after a judge ordered that he remain in custody.
“We’re disappointed, but we’re looking to our … trial date. That’s where our focus is going to be,” defence lawyer Mary Cremer said outside court.
“All the evidence will come out at trial.”
Details of the hearing are covered by a publication ban.
Reeve’s trial is expected to begin in June and last for four or five months.
