Scam Burst
A Queens man has been busted for defrauding a group of churchgoers out of $105,000 in phony investments in his Long Island companies, police said.
Molton Michel, 32, of Kew Gardens, was charged with grand larcenies committed in 2000 and 2001 against three members of a Queens church, Hope Restoration, said Nassau County Detective Sgt. Thomas Reilly.
He was charged with three counts of grand larceny and one count of fraud.
Michel, who had no prior arrests, had fled to Florida after he stopped paying dividends on his bogus investments, and had recently returned to Queens.
Michel, who had no prior arrests, had fled to Florida after he stopped paying dividends on his bogus investments, and had recently returned to Queens.
�There are believed to be more victims who have refused to cooperate� with the investigation.
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