Grand Jury indicts Lester and Laferte

A grand jury handed down indictments to Phil Lester and Susan Laferte for their alleged role in perpetrating pattern of theft and fraud-related crimes for over eight years, bilking investors of millions of dollars.

Lester was the CEO of Gold Country Lenders, and Susan, Lester’s sister, was the company’s CFO and the pair have been charged with 66 felony counts of elder abuse, securities fraud and conspiracy by California Attorney General Kamala Harris.

Lester and Laferte pled not guilty and had their trials set for April 9.

Jon Blinder, who was also charged (with 6 felonies) for his alleged role in the real estate company, is still set for a preliminary hearing to commence on March 12.

For more on this developing story, check back with www.theunion.com.


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The Union Updated Aug 22, 2013 04:23PM Published Jan 19, 2013 09:38AM Copyright 2013 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.