N.Y. investment firm president pleads guilty to $54M Ponzi scheme

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Richard Teplitsky, the 72-year-old president of New York-based Woodhill Capital Corporation, pleaded guilty to mail fraud in a Buffalo federal court for operating a $54.4 million Ponzi scheme. Beginning in the mid-1990s and continuing until March 2026, Teplitsky defrauded approximately 200 investors by creating fake equipment financing agreements to…

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