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Upstate NY man allegedly ran $10 million fraud scheme that fooled investors for years

Summary by Staten Island Advance
A 71-year-old Upstate New York man was arrested and charged with mail and wire fraud in connection with an alleged scheme that defrauded more than 100 investors of over $10 million, U.S. Attorney Michael DiGiacomo announced Tuesday.Richard Teplitsky, president of Woodhill Capital Corporation in Williamsville, was arrested following an FBI investigation. He faces a maximum penalty of 20 years in prison if convicted.

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Staten Island AdvanceStaten Island Advance
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Upstate NY man allegedly ran $10 million fraud scheme that fooled investors for years

A 71-year-old Upstate New York man was arrested and charged with mail and wire fraud in connection with an alleged scheme that defrauded more than 100 investors of over $10 million, U.S. Attorney Michael DiGiacomo announced Tuesday.Richard Teplitsky, president of Woodhill Capital Corporation in Williamsville, was arrested following an FBI investigation. He faces a maximum penalty of 20 years in prison if convicted.

·Richmond County, United States
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Staten Island Advance broke the news in Richmond County, United States on Thursday, May 7, 2026.
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