By Eileen Buckley
http://stream.publicbroadcasting.net/production/mp3/wbfo/local-wbfo-816841.mp3
Buffalo, NY – The 82 year old Williamsville man accused of conducting a Ponzi scheme in Western New York was back in federal court Thursday. According to the Buffalo News, the attorney for Richard Piccoli told U.S. District Judge Wiliams Skretny that his client is no longer in business.
Attorney Joel Daniels assured the judge that with Piccoli's arrest earlier this month, his client is not selling anything. The judge is extending a temporary restraining order. It is against Piccoli and his company, Gen-See Capital.
Charges against Piccoli accused him of conducting a Ponzi scheme that targeted the Catholic community. WBFO'S Eileen Buckley talked with the Catholic Diocese of Buffalo about the case.
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