John Colson:
"GLENWOOD SPRINGS, Colorado — Craig Davis, accused of bilking more than $1.9 million from dozens of local investors, was unable to convince a judge to lower his bail from $160,000.
Davis, 61, of Silt, was arrested last December following a year-long investigation by the Glenwood Springs Police Department and the local district attorney's office.
He could spend the rest of his life behind bars if convicted on the 16 counts of theft and securities fraud he is facing in 9th Judicial District Court.
Public defender Jim Conway tried on Thursday to convince Judge Denise Lynch that Davis is not a flight risk, and that his bond should be reduced to some level that “he could reasonably meet....”
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