HTN: Ponzi Schemer Sentenced

Richard Piccoli has pleaded guilty to federal charges after being accused of running a multi-million dollar Ponzi scheme. Prosecutors say the 82-year-old Amherst man will likely spend the rest of his life behind bars. Piccoli admitted to felony mail fraud and tax fraud charges in federal court on Monday. He could receive up to 25 years behind bars when sentenced in October.