Sunday, December 21, 2014

Follow us:
Follow us on Facebook Follow us on Twitter Subscribe to this news feed 


The Berkshires

Jury selection underway for McGinn, Smith

  • Text size: + -
Albany/HV: Jury selection underway for McGinn, Smith
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

ALBANY, N.Y. -- Jury selection is underway in the case of the two Albany-based investors accused of swindling clients out of $8 million.

Timothy McGinn, 63, and David Smith, 66, were indicted last year on mail and wire fraud charges, securities fraud, and filing false income tax returns.

Prosecutors say McGinn and Smith took funds they were supposed to be investing and covered it up in their bookkeeping. The two men pleaded not guilty to the charges when they were arraigned.

If convicted, they face 30 years in prison and a $1 million fine.

Related Stories ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP