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March 14, 2013
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Legal wrangling sets tone for Lester hearing

The tone was contentious at a felony conference for Gold Country Lenders CEO Philip Lester and CFO Susan Laferte Thursday afternoon, although neither defendant was present in Nevada County Superior Court. Approximately 20 of the duo’s alleged victims were present, however. 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been facing more than 60 felony counts of elder abuse, securities fraud and conspiracy, but the grand jury indictment superseded the original complaint. The charges allege that Lester issued fractional …

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The Union Updated Mar 15, 2013 10:09AM Published Mar 17, 2013 10:41AM Copyright 2013 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.