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December 22, 2014

Albany developer gets jail for securities fraud

  • Willamette Development Services launched 11 projects, and some were partly built.

    • EUGENE, Ore. (AP) — A federal judge who had to remind an Oregon developer convicted in a fraud case to stand to hear his sentence and then chastised him for refusing to confess his crime gave the defendant an extra two years in prison.

    Joe LaCoste, of Albany, had agreed to a plea bargain in which he would get three years in prison for pleading guilty to conspiracy to commit securities fraud in the collapse of a real estate enterprise, the Eugene Register-Guard reported.


     
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