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MAN INDICTED IN FRAUD CASE

Thaddeus J. Fabiniak, 38, a former resident of Cheektowaga and Marilla, has been indicted on federal charges of mail fraud and wire fraud in connection with a fake investment scheme, U.S. Attorney Denise E. O'Donnell reported Wednesday.

Fabiniak, who now lives in Woodstock, Ga., is accused of convincing Dr. Lawrence Cooperstein, a Pittsburgh area physician, to send him nearly $1,000,000 between 1989 and 1994 for investments in businesses and stocks. Instead of investing the money, Fabiniak is accused of using most of it for personal expenses.

According to the indictment, Fabiniak encouraged Cooperstein to send him more money by telling him the various investments were very profitable.

Each charge against Fabiniak carries a maximum penalty of 10 years in prison and a $250,000 fine.

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