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January 17, 2013
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Grand jury indicts Lester, Laferte on fraud charges

A criminal grand jury has indicted Phil Lester and Susan Laferte for allegedly defrauding investors of millions of dollars over a period of eight years, while acting as CEO and CFO of Gold Country Lenders, respectively. Lester and Laferte already were facing 66 felony counts of elder abuse, securities fraud and conspiracy that had been filed in September by California Attorney General Maggy Krell and had been set for a preliminary hearing into the evidence in March. But Krell opted to seek a grand jury indictment instead; that indictment, which was announced in Nevada County Superior Court Thursday afternoon, supersedes …

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The Union Updated Jan 18, 2013 03:32PM Published Jan 19, 2013 09:38AM Copyright 2013 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.