A fraudulent loan scheme has led to the indictment of a local man.A 30-year-old Williamsville resident, Nicholas Mussolini, was indicted on six counts of fraud by a federal grand jury. Mussolini operated Preston Waters Corporation, a business that promised corporate loans after receiving a deposit. One company forked over $400,000 to secure an $11 million dollar loan. Mussolini used the deposit for personal expenses.
A conviction could bring a 20 year sentence.
