Former financial advisor Daniel P. Reeve, who has been charged in a massive fraud case, will spend another month behind bars.
A bail hearing scheduled for Friday morning was adjourned until the end of September.
The delay is partly due to the weeks it took Reeve to locate a lawyer to defend him.
However, it’s also taking both sides much longer than anticipated to sort through all the paperwork involved in the case.
Defence attorney Mary Cremer says “We are in the very, very early stages of the criminal process…and we’ve been advised the evidence is very voluminous.”
Reeve is charged with fraud and theft over $5,000 in connection with at least 175 investors alleged to have lost over $30 million.
In 2009 police began receiving complaints about Reeve, and he was arrested in July 2012 after an extensive investigation.
Reeve’s next court appearance will be Sept. 24 via video link.
