Denver attorney Steve Bachar will be released from jail on a $25,000 personal recognizance bond, a Denver County Court judge ruled Thursday.
Bachar, 56, was taken into custody at the Van Cise-Simonet Detention Center Tuesday evening on felony charges of theft and fraud, according to online court records. Bachar is accused of stealing between $100,000 and $1 million, as well as lying to an investor, according to a criminal complaint filed against him by the Denver District Attorney’s office.
The crimes are alleged to have happened in 2017 and 2018, court records show.
County Court Judge Tanya Wheeler granted Bachar bond in a short appearance Thursday morning after noting that the defense and prosecution had agreed on the amount and terms. Bachar will not be required to wear an ankle monitor but will be supervised by pretrial services for 90 days and required to follow their protocols, Wheeler ruled.
Bachar could not be reached for comment Thursday. He previously called the allegations against him “outrageous” and “unfounded.”
In a separate matter, Bachar was last year accused by two companies of mishandling nearly $2 million earmarked for personal protective equipment purchases during the pandemic. He was ordered to pay the companies $4.5 million to in a pair of default civil judgments this summer, though at least one of the companies has yet to be paid.
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