Owensboro Man Pleads Guilty To Fraud

{Owensboro, Kentucky}...Twenty-seven year old Gory George of Owensboro, who owned the investment company G3 Capital Management, pleaded guilty Tuesday in federal court to mail and wire fraud. According to the plea agreement, George defrauded investors between December 15, 2009 and April 27, 2011 by promising 3 to 5 percent returns on investments. Prosecutors say George never put the money in certificates of deposit, but instead used the funds for trading in the commodities market or spent the money on personal expenses, scamming investors out of nearly $500,000. U.S. Marshals arrested George in Las Vegas on May 11th after the criminal complaint was filed. George is scheduled for sentencing June 16th.