Williamsville loan agency president admits to multimillion dollar Ponzi scheme
Posted
Rachel Ross (via News 4 Buffalo)
BUFFALO, N.Y. (WIVB) - The former president of a Williamsville loan agency pleaded guilty Friday to mail fraud for a decades-long Ponzi scheme resulting in a total loss of over $54 million, the United States District Attorney's Office said. As president of the Woodhill Capital Corporation, Richard Teplitsky, 72, sought funds from investors under the [...]
