Cedar Rapids business founder being held without bond - KWWL - Eastern Iowa Breaking News, Weather, Closings

Cedar Rapids business founder being held without bond

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CEDAR RAPIDS (KWWL) -

The founder of two Cedar Rapids based businesses, Midamar Corporation and Islamic Services of America, is being held without bond pending sentencing in federal court.

The U.S. Attorney's Office for the Northern District of Iowa says 73-year-old William B. Aossey, Jr. has been ordered to be held without bond pending sentencing in U.S. District Court in Cedar Rapids.

Aossey was convicted in July of 15 counts of conspiracy, making false statements on export certificates, and wire fraud.

In her written order, Judge Linda Reade said Aossey “must remain detained pending sentencing because he has not established by clear and convincing evidence that he is not likely to flee if released under suitable conditions.”

Court records show Aossey violated the terms of his pretrial release by telling his probation officer he had contact with law enforcement.

Aossey is also tied to an investigation into illegal firearms that were being shipped from Cedar Rapids to Lebanon.

A sentencing date has not yet been set.

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