A 67-year-old Manitowoc man indicted by a federal grand jury last month on multiple federal fraud charges has his August jury trial delayed and a status conference will be held in October. James Nickels faces 18 wire fraud charges plus one charge of money laundering for allegedly running a Ponzi scheme from September 2006 to August of last year collecting more than $5 million from its victims. Nickels attorney argued this week for an extended timeline to review some 76 thousand pages from the prosecution and set a motions deadline. Wisconsin Eastern District Judge Wiliiam Griesbach granted the motion calling the case “complex” cancelling the jury trial scheduled to begin August sixth and set a status conference for October 19th. Court records show that Nickels would invest the victim’s money in a business called “Fiscal Concierge.” but instead he allegedly used the money to pay interest and principal promised to previous investors and pay personal expenses. If convicted on all charges Nickels could face up to 360 years in prison and a half-a-million dollar fine.