< Back to All News

Lester Case Has Cost County Over $200,000

Another fiscal milestone in the Gold Country Lenders case…

Listen to Martin Polt 1

Nevada County Deputy Executive Officer Martin Polt says he expects the total cost to be upwards of 600-hundred thousand dollars, well above the county’s 480-thousand dollar budget for all cases. Polt says there is a bill in the legislature that would require the state to re-imburse counties for cases like this one…

Listen to Martin Polt 2

Gold Country Lenders C-E-O Phillip Lester, and C-F-O Susan LaFerte are being represented by public defenders, which are county employees, and the State Attorney General’s office is prosecuting the case because the District Attorney had prior dealings with Lester. Both are reasons the county is hoping the state will pick up at least a portion of the tab. Polt is hoping the case is settled before it goes to trial, which would prevent more expenses…

Listen to Martin Polt 3

Lester and LaFerte, who are brother and sister, allegedly bilked investors out of about 3.2 million dollars.

KNCO Web Comments Guidelines

  1. Keep it clean. Comments with inappropriate language, no matter how cleverly spelled or decorated will not be posted.
  2. Comments on the way the story was written or misspelled words will be passed on to the story authors and not posted.
  3. Please use your real name. Anonymous comments or comments posted using a fake name or web handle may not be posted.
  4. Please use your real email address so we can contact you.
  5. No flaming. Any comments that are primarily of a name calling finger pointing nature may not be posted.
  6. The comment section is not a right it is a privilege. KNCO retains all rights as to what is posted on its website.

Leave A Comment



* captcha