A Colorado man pleaded not guilty in federal court in Vermont to kidnapping a man who was later found shot to death in a snowbank

A Colorado man pleaded not guilty in federal court in Vermont to kidnapping a man who was later found shot to death in a snowbank in 2018 in what prosecutors allege is a murder-for-hire case stemming from a financial dispute.

Federal prosecutors say they believe Jerry Banks of Fort Garland, Colorado, killed Gregory Davis of Danville, Vermont, but he has not been charged in the killing. U.S. District Judge Geoffrey Crawford ordered Banks to remain detained until trial, noting the prosecutors’ concerns about his risk of flight and safety risk to potential witnesses.

“Someone who would kill for money would likely kill or improperly influence a witness or otherwise seek to influence the course of a trial that would result in his life in prison,” said U.S. attorneys for Vermont. They added Banks has a history of living “off the grid” and no strong connection to Vermont or anywhere else in the country.