- Associated Press - Friday, May 6, 2016

DAYTON, Ohio (AP) - The trial of a married Ohio couple accused of operating a Ponzi scheme that bilked investors out of about $70 million has been pushed back until next year.

The Dayton Daily News reports (https://bit.ly/24wbijp ) a federal judge in Dayton granted a defense motion on Thursday to delay the trial for William and Connie Apostelos. Defense lawyers say they need more time to review 200 discs worth of discovery.

The trial is now scheduled for February 2017.

The Springboro duo pleaded not guilty last fall to charges including mail fraud, wire fraud and money laundering.

Investigators say the pair operated companies in the Dayton area and told investors that the money was being invested.

Investigators say the money was used to pay earlier investors, finance the companies and other personal uses.


Information from: Dayton Daily News, https://www.daytondailynews.com

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