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Updated: Thursday, 12 Jul 2012, 4:28 PM EDT
Published : Thursday, 12 Jul 2012, 4:28 PM EDT
BRIDGEPORT, Conn. (AP) — A federal jury in Connecticut has convicted a former owner of New London's historic Lighthouse Inn of defrauding $1.7 million from investors in a resort casino project in Mississippi.
Fifty-seven-year-old Maureen Clark of Stonington was found guilty of 20 of 21 counts of investment fraud Thursday in U.S. District Court in Bridgeport. It wasn't immediately clear how much prison time she faces.
Federal prosecutors say Clark and her former business partner, Christopher Plummer of Lyme, fraudulently obtained money from investors from 2006 to 2010 by falsely claiming they owned land around the resort project in Lakeshore, Miss. Prosecutors say Clark and Plummer used much of the money to pay expenses for the now-closed inn, which dates to 1906.
Plummer has pleaded guilty to fraud and awaits sentencing.
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