Monday, January 12, 2009

Hotline Clogged in Fraud Investigation

Investors who fear they were fleeced by Richard S. Piccoli of Amherst and his Gen-See Capital Corporation, accused of running a multimillion- dollar Ponzi scheme, clogged a hotline that federal investigators set up Friday.

Postal inspectors said they spent all day taking information from investors but admitted that many were unable to get through.

“It’s been overwhelming,” Postal Inspector Raymond Williams said of the calls.

Read more at The Buffalo News.


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