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District Court in Richmond, Va. Okun has pleaded not guilty.
Okun will be on trial with Lara Coleman, the former chief operating officer of Okun affiliate Investment Properties of America Inc. Coleman was released on bail.
Richard Simring, 1031 Tax Group's in-house lawyer, pleaded guilty in July to mail fraud and money laundering and agreed to testify against Okun and Coleman.
Prosecutors claim Okun created a scheme to systematically buy tax-deferral firms, drain them of their deposits and use the money to buy real estate, as well as pay off inter-company loans he took out to buy the firms.
1031 Tax Group sued Okun last month over claims he stole $5.1 million to buy a six-bedroom home in New Hampshire
by Airman 1st Class Rachelle Coleman
354th Firghter Wing Public Affairs
10/6/2008 - EIELSON AIR FORCE BASE, Alaska -- The 354th Maintenance Squadron New Aerospace Ground Equipment flight, was awarded the 2008 Chief of Staff Team Excellence Award Sept. 16, 2008, in Washington D.C. by the Chief of Staff himself
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