Nov. 12, 2008
SANTA ANA, Calif., Nov. 12 (UPI) -- A trial began this week for a California man charged with fleecing 125 elderly people out of their life savings -- a total of $11 million.
Jeffrey Gordon Butler, 50, of San Juan Capistrano faces 874 counts arising from an alleged Ponzi scheme, The Orange County Register reported. The trial is expected to last at least six months.
"This case is about broken promises, broken trust and broken confidence," said Deputy District Attorney William Overtoom in an hour-long statement Monday to the jury. "What this case is about is what the defendant failed to tell the investors."
© 2008 United Press International, Inc. All Rights Reserved
Abridged
SOURCE: United Press International-------------------------------------------------
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