3 Charged in Scheme to Bilk Investors ; $5.8 Million Fraud Hits More Than 50 Clients
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Summary
Guy W. Gane Jr.'s investors may never get much of their money back, but they got the satisfaction of seeing Gane in court Friday, charged along with two of his cohorts with mail fraud in the alleged bilking of $5.8 million of their savings.
Gane, 55, who promised 10 percent returns on investments of waterfront property he never bought, was finally charged by the federal government, nearly two years after U.S. postal inspectors raided his Sweet Home Road offices in Amherst.See the full content of this document
Extract
3 Charged in Scheme to Bilk Investors ; $5.8 Million Fraud Hits More Than 50 Clients
The U.S. attorney's office charged Gane; his attorney, James F. Lagona, 50; and Ian Campbell Gent, 58, all of Amherst, following a grand jury indictment.
All three men told U.S. Magistrate Judge H....See the full content of this document
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