Prosecutors: Alleged scammer took $1.4 million - WDRB 41 Louisville News

Prosecutors: Alleged scammer took $1.4 million

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LOUISVILLE, Ky. (AP) -- Federal prosecutors say a Kentucky man bilked $1.4 million from 23 people in three states, many of them elderly, as part of a fake investment scam.

Cory George of Owensboro is charged with wire fraud related to 3 of the investors. But Assistant U.S. Attorney Marisa Ford on Tuesday filed a motion asking to allow evidence at trial from 20 more investors who are from Kentucky, Texas and Florida.

George has pleaded not guilty. Prosecutors also want to delay next week's trial.

George's attorney, Benjamin Early of Lewisport, did not immediately return a call Wednesday.

Ford said in the motion that many of the victims are elderly and gave their life savings to George, who promised to invest the funds in a certificate of deposit returning 4.1% interest in a year.

(Copyright 2011 The Associated Press. All Rights Reserved.)

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