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MIAMI (CBSMiami/AP) — A former concert has entered a not guilty plea to federal charges of money laundering and fraud.

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Jack Utsick, who was recently brought to the U.S. from Brazil, entered the formal plea Tuesday in Miami federal court.

Utsick was actually extradited last year following a lengthy Brazilian court fight, but encountered difficulties hiring a lawyer. Utsick is currently represented by a public defender.

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Prosecutors say Utsick operated his Worldwide Entertainment Inc. promotion company as a Ponzi scheme, repaying older investors with money from newer ones. The scheme allegedly defrauded an estimated 3,300 investors out of nearly $300 million.

The company also staged tours of top-name acts including the Rolling Stones, Elton John, Aerosmith and the Pretenders, among others.

A tentative March 23 trial date has been set.

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