Ponzi scheme operator could face new charges

Nov 17, 2012

A man arrested for involvement in a local Ponzi scheme could face new charges for attempting to influence a judge before sentencing.

James Lagona faces up to 20 years in prison after helping to cheat 90 investors out of nearly 6 million dollars. New allegations claim that Lagona attempted to influence US Attorney William Hochul before sentencing.

US Attorney William Hochul
Credit WBFO File Photo / WBFO News

The investigation into that charge continues.