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UPDATE: Raleigh County pharmacist accused of running ponzi scheme reaches plea agreement with feds

UPDATE: 09/15/2020 3:30 p.m.

The United States district court for the southern district of West Virginia scheduled Natalie Cochran's virtual plea hearing to be on September 21, 2020 at 2:00 p.m.

The Raleigh County pharmacist is accused of misusing funds from a business she shared with her late husband.

Just last week, she reached a plea deal with federal prosecutors.


UPDATE: 09/10/2020 7:00 p.m.

(WVVA) -- A has reached a plea deal with federal prosecutors.

Natalie Cochran is expected to plead guilty to two counts of the 26 count indictment -- including one count of wire fraud and one count of unlawful monetary transaction. As a result of the agreement, the remaining 24 counts will be dropped.

Cochran was arrested in September of 2019. The original charges ranged from bank fraud to mail fraud to wire fraud.

After a plea hearing date is set, Cochran will be sentenced within 90 days.

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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.

Read the indictment below. If you’re viewing this on our news app, click here to view the document.

Annie Moore

Multimedia Journalist

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