Man bilked investors out of more than $7 million

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A Hamburg man has been charged with bilking investors out of more than $7 million over the last two years.

The U.S. Attorney’s Office reports Christopher F. Venti was arrested Friday on charges of wire fraud in connection with various investment schemes. Prosecutors say between October 2011 and November 2013, Venti misrepresented the existence and success of investment opportunities.

If convicted, he could face a maximum of 20 years in prison.

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