- Associated Press - Friday, June 13, 2014

CATO, N.Y. (AP) - Authorities say a central New York man charged with scamming nearly $140,000 from scores of people got bilked out of the ill-gotten funds by a second man’s bogus investment scheme.

The Cayuga County Sheriff’s Office says 66-year-old Harold Monell of Weedsport was charged with scheme to defraud after he solicited the money from about 180 people over a two-year period. Officials say he told the lenders he was using the money to pay his mortgage and other bills.

Investigators say he was actually giving the money to 41-year-old Daniel Humberstone of Weedsport, who said he would double Monell’s investment after receiving a million-dollar settlement from the state. Police say the settlement never existed.

Humberstone was arrested in November and charged with stealing $15,000 from a 90-year-old man.

Information on the men’s lawyers wasn’t available.

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