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September 26, 2012
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Victims of alleged fraud tell stories of betrayal

Several investors who entrusted their money to Gold Country Lenders throughout the 1990s and 2000s universally expressed dismay at losing significant portions of their life savings — as well as a strong sense of betrayal by people they trusted as friends. When Phil Lester, CEO of the Grass Valley real estate company, and Susan Leferte, the company’s CFO, attended a hearing in Nevada County Superior Court on Monday afternoon, many of those alleged victims were in attendance. Lester and Leferte have each been charged with 66 felony counts of conspiracy, securities fraud and elder abuse. Jim and Phyllis Shippen said …

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The Union Updated Nov 16, 2012 12:01PM Published Sep 29, 2012 07:34AM Copyright 2012 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.