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Daniels pharmacist accused in Ponzi scheme to be released on home confinment

UPDATE: A federal magistrate has ordered the release of Natalie Cochran, a Daniels pharmacist, on home confinement pending the post of a $10,000 unsecured bond.

Cochran is facing a 24-count federal indictment for a Ponzi scheme federal authorities say she operated through two separate businesses — Tactical Solutions Group (Tactical) and Technology Management Solutions (TMS).

Magistrate Omar J. Aboulhosn laid out several conditions for the release during a detention hearing in the U.S. District Court for the Southern District in Beckley on Monday:

Cochran will be required to reside with a third party, her father, at her home on 4-H Lake Road in Daniels. She has already met several of the requirements, the magistrate said, including surrendering her passport and setting up a landline telephone.

She is also required to abstain from any alcohol or drugs not authorized by a medical professional.

She is also to avoid contact with any victims or witnesses in the case.

Cochran will be transported to Charleston on Monday to be placed on home confinement. The U.S. Marshal service will return her to her home on Monday.

Cochran is scheduled to have a Pre-trial hearing on October 15, 2019 at 10 a.m.

Her case is scheduled to go to trial on November 4, 2019.


UPDATE: In an attempt to secure her release this afternoon, Natalie Cochran asked a federal magistrate for a detention hearing on Thursday, but the decision was ultimately made not to release her yet.

Another hearing on Cochran’s detention is set for Monday in the U.S. District Court for Southern West Virginia in which there is a possibility she may be released.

DANIELS, W.Va. (WVVA) – A Raleigh County woman accused of misusing funds from a business she shared with her late husband was arrested on Thursday.

According to Natalie Cochran’s mother, Daphne Jessup, Cochran was taken into custody between 6:30- 6:40 a.m. while she was getting her kids ready for school.

Jessup said five federal agents arrived with a warrant on charges ranging from bank fraud to mail fraud to wire fraud. The agents also told her Cochran stands accused of lying under oath in bankruptcy court.

Cochran was taken Thursday morning before a federal magistrate for processing.

According to her mother, Cochran went into custody without issue while her children were present.

Jessup said the arrest comes after federal grand jury proceedings on Tuesday and Wednesday.

U.S. Attorney for the Southern District Mike Stuart has a press conference scheduled at the U.S. District Court in Beckley at 1:30 p.m. on Thursday.

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Annie Moore

Multimedia Journalist

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