FBI

The scheme cost at least 99 victims $5.7 million, the U.S. Attorney's Office for the Eastern District of Missouri said.

"This case involves the discovery of a massive Ponzi-like fraud orchestrated by former GHA executive director Robert Cappelletti," plaintiffs GHA and Greater Groton Realty Corp., a non-profit affiliate of the GHA, said in an April court filing. 

The commonwealth's largest public pension fund acknowledged an erroneous investment return that was just high enough to avoid triggering a teacher risk-sharing provision.

Bill Courtright surrendered in a Pennsylvania federal court to plead guilty on pay-to-play charges, one day after he resigned as Scranton's mayor.