Paul Erickson, Russian Agent Maria Butina’s Boyfriend, Indicted for Fraud

The indictment alleges that Erickson ran a criminal scheme from 1996 to 2018 using a chain of assisted living homes called Compass Care. Erickson also allegedly defrauded investors through a company called Investing with Dignity that claimed to be “in the business of developing a wheelchair that allowed people to go to the bathroom without being lifted out of the wheelchair.” The indictment says he also ran a fraudulent scheme that claimed to be building homes in the Bakken oil fields of North Dakota.

…The couple, who lived together in South Dakota, had some kind of business together. They were listed as the sole officers of Bridges LLC, a company registered in the state in February 2016, though it’s unclear what it did or how it operated.

…Even before he was charged, Erickson was dogged by allegations of financial shadiness. …Individuals who have sued Erickson alleged in court documents that he and his companies failed to pay back loans. Some say he duped them into investing into what appeared to be nonexistent companies. Others allege Erickson used their money for personal expenses. Erickson has been sued in California, Virginia and South Dakota.

…Erickson, who represented himself as a real estate developer, planned to use his company in North Dakota to set up a transaction in the Bakken region, the sources said. But Erickson doesn’t appear to have planned on carrying out the deal, according to a 2015 judgement by a California court. And the company he represented doesn’t appear to have ever existed, according to a review of public records by The Daily Beast.

Paul Erickson, Russian Agent Maria Butina’s Boyfriend, Indicted for Fraud



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