- Associated Press - Wednesday, March 2, 2016

NEW YORK (AP) - A Long Island woman is accused of bilking more than three dozen investors in her fictitious bail bonds business out of nearly $500,000.

Newsday reports (https://nwsdy.li/217KgI5 ) that 42-year-old Alexandra Monroy was arraigned on grand larceny charges on Tuesday.

The Legal Aid Society was representing Monroy and couldn’t be reached for comment.

Prosecutors say the Elmont woman stole money ranging from $1,200 to $95,000 by telling dozens of people they would get a return on their investments in a short period of time.

Prosecutors say the investors confronted the defendant when the returns didn’t materialize and Monroy threatened them with physical violence.

She’s being held on $150,000 cash bail.

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Information from: Newsday, https://www.newsday.com

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