Williamsville man pleads guilty to defrauding dozens of investors out of millions of dollars in multi-million dollar fraud scheme

Source: United States Department of Justice Criminal Division

U.S. Attorney Michael DiGiacomo announced today that Richard 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.