Prosecutors detail Vermont murder-for-hire scheme tied to L.A. biotechnology company co-founder

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Court papers say a conspiracy that stretched across the continent and resulted in the killing of a Vermont man grew out of a financial dispute between the victim and one of the men now charged with…

killing of a Vermont man

In a Monday filing, prosecutors said Davis had been threatening to go to the FBI with information that Serhat Gumrukcu, 39, an inventor and the co-founder of a Los Angeles-based biotechnology company, was defrauding Davis in a multi-million dollar oil deal that Gumrukcu and his brother had entered into with Davis in 2015.

About a week before his arrest last month, Gumrukcu generated about $2 million by selling some Enochian stock, prosecutors say. While Banks was not charged with killing Davis, prosecutors said they believed that Banks killed Davis. Gumrukcu is due in court in Los Angeles on Thursday for a detention hearing. His attorney did not immediately return an email Wednesday seeking comment.

Not long after Davis’s death, the investigation entered what prosecutors described as a “long covert stage” that led them to identify Banks as the alleged kidnapper. Investigators also discovered a chain connecting the four suspects: Banks was friends with Ethridge, who was friends with Eratay, who worked for Gumrukcu.

 

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