February 8, 2013 | Back to: News

Motion to postpone Lester, Laferte trial continued 1 week

A hearing on a motion requesting a postponement of the fraud trial of Gold Country Lenders CEO Philip Lester and CFO Susan Laferte has been rescheduled for Valentine’s Day.

Greg Klein, Laferte’s court-appointed attorney, filed the motion requesting the trial, which was scheduled to start April 9, be postponed.

The hearing had been set for Thursday morning in Nevada County Superior Court, but state Deputy Attorney General Maggy Krell was unable to attend.

Lester’s court-appointed attorney, Ken Tribby, joined in the motion for postponement, and Judge Candace Heidelberger set a new hearing for 1 p.m. Feb. 14.

Laferte and Lester were indicted in mid-January by a criminal grand jury for allegedly defrauding investors of millions of dollars over a period of eight years. They already had been facing more than 60 felony counts of elder abuse, securities fraud and conspiracy, which had been filed in September by Krell. The grand jury indictment supersedes the original complaint against those two defendants.

In his motion, Klein said the trial date selected by Krell was “completely unrealistic” to mount an effective defense, adding that the Attorney General’s office had been investigating Gold County Lenders since March 2009 and citing a half-million pages of discovery.

Co-defendant Jonathan Blinder still faces four felony counts of securities fraud, and his preliminary hearing remains set for March 12.

To contact Staff Writer Liz Kellar, email lkellar@theunion.com or call 530-477-4229.

Stories you may be interested in

The Union Updated Mar 7, 2013 05:15PM Published Feb 19, 2013 08:21AM Copyright 2013 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.