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NATION : Ex-Police Officer Guilty of Fraud

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From Times Wire Services

A former deputy chief of Detroit’s police department was convicted today on federal charges of defrauding investors of millions of dollars in a scheme run while he was with the department.

Kenneth Weiner, 44, was convicted of 44 counts of fraud and income tax evasion. Co-defendants Dr. Steven Lewin, 44, and Alvin Gendelman, 58, were convicted of 36 and 38 counts, respectively. Jurors had deliberated for a week.

In the trial that ended today, the three defendants were accused of bilking more than 100 investors out of the money over several years. They face a maximum five years in prison and $250,000 fine on each count. No sentencing date was set.

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Prosecutors charged that the three lured investors into the pyramid scheme with promises of lucrative returns on investments in precious metals.

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