Before a federal magistrate, Diehl entered a plea of not guilty to criminal charges — the third time he’s done so since a grand jury first indicted him earlier this year.
The politically-connected developer now faces just two of the 14 felonies federal prosecutors had once stacked against him in connection with allegations that he failed to disclose $1 million in assets as part of a 2012 bankruptcy proceeding.
If convicted, Diehl faces a prison term of five years and a fine of $250,000 on the declaration charge; the penalty for filing a false tax is a term of up to three years and a $100,000 fine, plus the cost of prosecution.