SACRAMENTO, California—A federal judge has denied bail for a 28-year-old Sacramento man who was returned to California after an international manhunt. Garret Griffith Gililland III remains behind bars after pleading not guilty to 24 charges alleging he participated in a $100 million mortgage fraud ring.
Gililland had requested bail, even though authorities said he fled the country with at least $250,000 in cash in June 2008.
He fought extradition after his arrest in Spain for a year until he was returned to Sacramento last week.
His bail request was denied after a hearing Wednesday in Sacramento federal court.
The Internal Revenue Service says Gililland and two others defrauded investors and mortgage companies in deals involving 500 homes and condominiums in California and other states.
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