WASHINGTON, Oct. 23 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
BUFFALO, N.Y.-U.S. Attorney Michael DiGiacomo announced today thatRichard Teplitsky, 72, of Williamsville, NY, pleaded guilty before U.S. District Judge John L. Sinatra, Jr. to mail fraud, which carries a maximum penalty of 20 years in prison and a $250,000 fine.
According to the plea agreement, Teplitsky was the president of the Woodhill Capital Corporation. As president, he and other Woodhill personnel would solicit funds from investors within the Western District of New York and elsewhere, representing to investors that their money would be used to fund loans to businesses that were seeking to ...