Former Sturgis Man Charged with Fraud

Aug 19, 2011

A former Sturgis resident appeared in federal court on Thursday morning to face charges of scheming to defraud investors of more than $1.7 million, according to the U.S. Attorney’s office. Cory B. George, 27, of Owensboro is accused of defrauding investors of more than $1,749,590 by running advertisements in newspapers and offering short-term certificates of deposit paying 3 to 5 percent interest through his company, G3 Capital Management. However, G3 Capital wasn’t a licensed and insured bank, and wasn’t authorized to issue certificates of deposit, according to the office of U.S. Attorney David J. Hale.