HTN: Accused Ponzi Schemer Could Get Prison

The accused 82-year-old Ponzi-schemer from Amherst could likely see prison time under a plea deal in the works. Federal prosecutors say they could have a deal in place within the next two months for Richard Piccoli. He is accused of ripping off millions of dollars from investors. Authorities estimate that Piccoli raked in 17-million dollars over a five year period. Investigators say Piccoli advertised in religious publications and many of the victims include priests and church groups. Federal prosecutors say despite Piccoli's age prison time under any plea deal is likely.