Former Oregon gubernatorial candidate Craig L. Berkman was charged in an $8 million securities fraud scheme.
He was charged with claiming to own Facebook shares before the company went public last year when he did not directly own shares. Prosecutors say he pocketed much of the $8 million he received from more than 50 investors.
Berkman was the former head of the Oregon Republican Party and ran for governor in 1994.
Read more at KGW.