Crime
October 26, 2012
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Lester and Laferte remain in custody

Bail has been reduced from $600,000 to $150,000 for each of two defendants in a high-profile fraud case who are still in custody. But Philip Lester, CEO of Gold Country Lenders, and Susan Laferte, the firm’s chief financial officer, would still have to prove the source of the funds should either be able to post bail. Nevada County Superior Court Judge Candace Heidelberger refused to release the two on their own recognizance, but did reduce their bail in a court hearing Thursday morning. Laferte, Philip Lester, his wife, Ellen, and Jonathan Blinder all are facing charges that allege that Gold …

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The Union Updated Oct 26, 2012 02:14PM Published Oct 29, 2012 04:36PM Copyright 2012 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.