The conspiracy and mail-fraud convictions of Ian Campbell Gent and James F. Lagona, both linked to the former M-One Financial and Watermark Financial Services Group of Amherst, were upheld by the U.S. Court of Appeals for the 2nd Circuit in New York City, the Buffalo-based U.S. Attorney’s Office of the Western District of New York announced Monday.
The appeals tribunal rejected the claims of the two that there was insufficient evidence that they had an intent to defraud and knowledge of the Ponzi scheme run by Guy W. Gane.