HTN: Pyramid Scheme in Amherst

Local investigators say they've turned up a pyramid scheme in Amherst. The US Attorney's office says that 82-year-old Richard Piccoli took in more than 17-million dollars, targeting local churches and priests. Investigators say that Piccoli advertised in Catholic publications, promising high returns. But instead of investing the money, he's accused of simply rolling over new contributions to pay previous investors.