Motion to delay sentencing continued in Gold County Lenders case |

Motion to delay sentencing continued in Gold County Lenders case

A motion to delay sentencing for Gold Country Lenders CEO Phil Lester and CFO Susan Laferte – who were found guilty in June of multiple counts of fraud – will be heard on Aug. 10.

The motion was originally set to be heard in Nevada County Superior Court on July 27, but was continued to August on the court’s own motion.

Lester and Laferte were arrested in September 2012, and their trial began last April. Each faced one count of using a scheme to defraud, 50 counts of offering securities for sale by means of an untrue statement or omission of a material fact and 10 counts of financial elder abuse, after allegedly defrauding investors over a period of eight years.

In June, after two weeks of deliberation, a jury found Lester guilty on 57 counts and Laferte guilty on 35 counts. The jury also found true special allegations that both defendants defrauded investors of more than $1.3 million, and of aggravated white-collar crime.

After the verdict, sentencing was set for Aug. 10.

In the motion filed July 17, defense attorneys Greg Klein and Mary Beth Acton stated they had not received the trial transcripts, and would not have sufficient time to prepare for a planned motion for a new trial before the sentencing date.

The motion asks that sentencing be rescheduled for Nov. 16.

To contact Staff Writer Emily Lavin, email or call 530-477-4230.

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