Robert C Logel - Erie Co. Seniors Successfully Recovered Lost Investment in a Scam!
Today, Attorney General Spitzer announced that they have successfully recovered $1.1 million for the group of a senior citizen in Erie County who lost their money in an investment scam. This happened as a result of the agreement between different financial institutions following the prosecution of Randall Cedrik, 43, an Angola-based financial planner. Cedrik was accused of taking advantage of elderly, widowed, and disabled clients as part of a scheme to sell various securities. His scheme included several elder citizens of Erie county including widows and disabled people. It was in March when the Spitzer was joined in Buffalo by several victims to announce the court order and the civil agreement to offer restitution. This agreement stated that the Brian O’Mara Agency, Joh Hancock insurance, and a famous venture capitalist Robert C Logel have provided funds to compensate all the victims of the scam. In addition to this, the Key Bank has also forgiven the home equity loans for two o