NEW YORK – A New Hampton man was convicted on charges that he posed as internationally renowned fashion design “Bill Bolland” to lure victims into making more than $400,000 in investments.
Instead, William Vogt, 57, stole the money and used it for personal expenses, the state attorney general’s office charged.
Vogt pled guilty in New York County Supreme Court on Tuesday to felony grand larceny. He pled guilty to a similar charge in Ulster County Court in December. As a result, he faces up to 12 years in state prison on both cases.
One victim, a Wilkes Barre, Pennsylvania resident, gave Vogt over $36,000 to invest in an account that the attorney general’s investigation found did not exist.