There is a guilty plea in what federal prosecutors in Rochester say was a nationwide investment scheme that cheated roughly 1,000 people out of $115 million.
Perry Santillo Jr., of Rochester, pleaded guilty to mail fraud and money laundering.
Santillo admitted that he and another man formed a Rochester company called Lucian Development in 2007. They and others were sued by the Securities and Exchange Commission for allegedly using millions of dollars to live large. Santillo bought homes in multiple states, car leases, trips and spent thousands to have a song written about himself.