UPDATE: Guilty Plea In Investment Scam
UPDATE: August Stile, was sentenced to 46 months in prison Friday August 15, 2014 for fraud, according to the United States Attorney’s Office for the Middle District of Pennsylvania.
SCRANTON — A businessman who had his office in Lackawanna County pleaded guilty Monday in federal court to cheating investors out of $310,000.
August Stile, 49, of Hughestown admits he conned people into thinking they would get a big return on their investments when he actually used the money for himself.
He was indicted on the charges in April.