News
September 20, 2012
Follow News

Update: Arrests, warrants in investor fraud case

Four suspects connected to a real estate company in Grass Valley have been arrested and charged with securities fraud, conspiracy and elder abuse for allegedly operating a Ponzi scheme that bilked dozens of investors of more than $2.3 million, according to California Attorney General Kamala D. Harris. Phillip Lester, 65, and Ellen Lester, 65, who are married, Susan Laferte, 58, and Jon Blinder, 58, were arrested on Thursday in Nevada County and booked into Nevada County Jail.. The arrest declaration alleges that Gold Country Lenders, a real estate company in Grass Valley, engaged in a pattern of theft and fraud-related …

Explore Related Articles

Popular Stories

The Union Updated Nov 16, 2012 12:01PM Published Sep 26, 2012 03:53PM Copyright 2012 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.