The Laconia Daily Sun, January 20, 2011

Page 1

E E R F Thursday, January 20, 2011

thursday

County takes first step to help Boys & Girls Club secure grant for building

LRGHealthcare leaves JUA

Joins with several other N.H. hospitals to form new insurance company — P. 6

VOL. 11 nO. 165

LaCOnIa, n.h.

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Judge ups Scott Farah’s sentence to 15 years

LACONIA — The Belknap County Commission last night agreed to hold a public hearing on a request for the county to apply for a $500,000 Community Development Block Grant (CDBG) on behalf of the Lakes Region Boys & Girls Club. The hearing will be held at the next regularly scheduled meeting of the commission see GraNt page 11

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A relaxed Scott Farah, right, listens to the proceedings during his sentencing hearing in U. S. District Court in Concord on Wednesday morning. To his left is his attorney, Michael Ramsdell. (Larry Frates drawing/for The Laconia Daily Sun)

Ponzi scheme architect taken directly away to federal prison By Michael Kitch & Gail OBer THE LACONIA DAILY SUN

CONCORD — “No sentence I impose will be sufficient,” said U.S. District Court Judge Paul Barbadoro before yesterday sentencing Scott Farah, the principal of Financial Resources Mortgage, Inc. to 15 years in prison for his central role in the Ponzi scheme that federal officials believe bilked

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some 250 people of some $33-million. Offered an opportunity to speak, Farah said only “I am sorry to everyone for what I did.” In October, when Farah, 47, pled guilty to federal mail and wire fraud charges, prosecutors recommended a sentence of 15 1/2 to 19 1/2 years imprisonment. But on Tuesday Assistant United States Attorney Mark Zuckerman asked the court to

impose only 10 years, followed by three years of supervised release, in recognition of the cooperation he provided authorities, which expedited the investigation and prosecution of the case. Zuckerman told the court that soon after the Meredith firm collapsed in November, 2009 Farah offered investigasee Farah page 7

Executive Council votes to hold Ward Bird pardon hearing

CONCORD (AP) — The Executive Council Wednesday voted unanimously to hold a hearing on the pardon petition of a Moultonborough farmer serving a three-year sentence for brandishing a firearm at a woman

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who trespassed on his property. Gov. John Lynch said he would not oppose a hearing for Ward Bird but has concerns about an unconditional, “given the facts of the case.”

Lynch does not cast a vote on the whether to grant a pardon, but can veto any action the council takes. The council has the authority to commute see BIrd page 10 ~ BELLA BEADS ~

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