Read Larry Connors' blog – Short Term Trading Strategies
Neal Conway, whose last known address was James Island, S.C., pleaded guilty recently to two counts of second-degree forgery.
He is expected to be ordered to pay $550 in restitution for the checks he cashed and $2,232 to reimburse the state for the cost of his extradition.
Sentencing was set for Monday, Nov. 16.
Conway could spend a total of two years in County Jail or serve five years of probation, or he could go to state prison for up to seven years if the pre-sentence Probation Department report ordered by County Court Judge Robert G. Main Jr. reveals serious issues.
Conway was indicted by a grand jury on Oct. 30, 2008, but left the area. He was later arrested in South Carolina and extradited to New York.
In addition to a charge of petit larceny for stealing a stack of checks from Geoffrey and Teresa Smith of Saranac Lake, he was indicted on 14 counts of second-degree criminal possession of a forged instrument for having the checks and 14 counts of second-degree forgery for signing and cashing them.
The crimes occurred between Feb. 28 and March 8, 2008.
The checks were cashed on these dates for the stated amounts: Feb. 28 for $21.65; March 3 for $40.97 and $40.89; March 4 for $42.41; March 5 for $40.87; March 6 for $42.06, $41.67 and $43.83; March 7 for $40.89, $34.95, $41.69, $40.67 and $35.79; and March 8 for $42.27.
Defense attorney Aaron Edwards asked Main to release his client under probation so Conway could stay with relatives in Saranac Lake while he awaits sentencing.
Assistant District Attorney Gary Pasqua strongly objected, saying Conway remains a risk for flight because he left once before and now knows he could get jail or prison time.
The judge set bail at $15,000 cash or $30,000 insurance bond to hold Conway, reminding him that if he is bailed out and leaves again, he could go to prison on these counts and have more time added for bail jumping.
E-mail Denise A. Raymo at: draymo@pressrepublican.com
To see more of The Press-Republican or to subscribe to the newspaper, go to http://www.pressrepublican.com/. Copyright (c) 2009, The Press-Republican, Plattsburgh, N.Y. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
