Crime
October 31, 2012
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Lester, Laferte released on bail

The two principal defendants in a high-profile fraud case have posted bail after proving there was a legitimate source for the funds. Philip Lester, CEO of Gold Country Lenders, and Susan Laferte, the firm’s chief financial officer, had been in custody at the Nevada County Jail since their arrest Sept. 20. Initially, their bail had been set at $600,000, but that was reduced Oct. 25 to $150,000. Lester was released Monday, and Superior Court Judge Candace Heidelberger OK’d Laferte’s release Tuesday morning. Laferte, Philip Lester, his wife, Ellen, and Jonathan Blinder all are facing charges that allege Gold Country Lenders …

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The Union Updated Nov 16, 2012 12:05PM Published Nov 8, 2012 04:55PM Copyright 2012 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.