Bescoe, the owner of a Flint, Michigan area country club, the Atlas Valley County Club, was charged with one count of embezzlement-over $100,000. In addition, Bescoe was also charged with one count of assault and battery.
Bescoe plead not guilty to the assault charge, and bond in that charge was set at $1,000.
A probable cause hearing for the embezzlement charge was set for August 31 at 1:00 p.m., and Bescoe remains behind bars in the Genesee County jail after failing to post the $300,000 embezzlement charge bond required for his release.
In July, Genesee County Sheriff Robert Pickell announced his office was investigating a complaint from an individual claiming her elderly parents were being financially exploited by Bescoe.
Additional information about Bescoe, his Arabian horse habit, and his Florida hedge fund, can also be found on this blog.