Jury Convicts McGinn Smith Founders Of Fraud

Law360, New York (February 6, 2013, 11:24 PM ET) -- A New York federal jury convicted the founders of upstate brokerage McGinn Smith & Co. on multiple counts of fraud for siphoning more than $4 million from investors for their own personal use, the U.S. Department of Justice said Wednesday.

After four days of deliberation, the Utica-based jury convicted Timothy M. McGinn on 27 of 29 counts and David L. Smith on 15 of 29 counts, finding both guilty of conspiracy to commit mail and wire fraud, mail fraud, wire fraud, securities fraud and filing false...
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Case Information

Case Title

USA v. McGinn et al

Case Number



New York Northern

Nature of Suit

Date Filed

January 25, 2012

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