Jun 16, 2006 1:20 pm US/Central
Billionaire's Son Charged With Burglary
(AP)
A Texas man charged with burglary whom police say they found groggy and hiding under a table in a fly fishing shop last weekend has been identified as the son of billionaire oil tycoon T. Boone Pickens.
Michael Pickens, 52, was found Sunday under a table inside the Housatonic Meadows Fly Shop, a shop near Cornwall Bridge, across from Housatonic Meadows State Park, state police said.
Police were called to the store after the owner noticed something wrong and investigators found a nearby stash of items taken from the shop.
Pickens, of Nocona, Texas, spent three days in jail following his arraignment for burglary Monday in Bantam Superior Court, unable to post a $15,000 bond.
Pickens had rented a room nearby for a weekend of fishing, police said.
The arrest alerted authorities of a bail violation related to allegations of federal securities fraud in New York.
Last year, Pickens was indicted by a grand jury for fraud, deceit and manipulation of federal laws. Arraigned last year, he was set free on $500,000 bond under a promise to appear for future court dates and not violate the law.
As a result of the arrest in Cornwall, Pickens was ordered to appear in U.S. District Court in New York for a bail status hearing Friday.
A judge will hear arguments from prosecutors and decide whether to increase his bond. Pickens faces 20 years in jail if convicted of securities fraud.
(© 2006 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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