Father, son plead guilty to defrauding investors out of millions

Posted: Updated:

A father and son are heading to prison after pleading guilty to defrauding investors out of millions of dollars.

George Bussanich Sr. and George Busannich Jr. defrauded investors out of $26 million in one scam.

They then are accused of conning 15 of the same investors out of $3 million in a second scam.

The father was sentenced to 10 years in prison and his son was given eight years.

George Bussanich Sr.'s wife, Wilma Bussanich, also pleaded guilty and was given five years probation.

  • Top StoriesNewsMore>>

  • Police: 2 newborns found dead at recycling center

    Police: 2 newborns found dead at recycling center

    Thursday, February 20 2020 10:34 AM EST2020-02-20 15:34:37 GMT
    Police: 2 newborns found dead at recycling centerPolice: 2 newborns found dead at recycling center
    Police: 2 newborns found dead at recycling centerPolice: 2 newborns found dead at recycling center
    Police in New Brunswick say the bodies of two newborns were recovered from a recycling center Wednesday, and police are now working to find out if the infants could be related.
    Police in New Brunswick say the bodies of two newborns were recovered from a recycling center Wednesday, and police are now working to find out if the infants could be related.
  • Superintendent: High school student dies from injuries following Wednesday crash

    Superintendent: High school student dies from injuries following Wednesday crash

    Thursday, February 20 2020 10:01 AM EST2020-02-20 15:01:36 GMT
    Grief counselors are on hand today at Warren Hills Regional High School after the Superintendent of Schools announced the death of a student following a motor vehicle accident.
    Grief counselors are on hand today at Warren Hills Regional High School after the Superintendent of Schools announced the death of a student following a motor vehicle accident.
  • Woman struck and killed by Mardi Gras float during parade

    Woman struck and killed by Mardi Gras float during parade

    Thursday, February 20 2020 2:06 AM EST2020-02-20 07:06:38 GMT
    Thursday, February 20 2020 2:37 PM EST2020-02-20 19:37:06 GMT
    (AP Photo/Brett Duke). Emergency personnel work the scene after a person was run over and killed by a float in the Mystic Krewe of Nyx parade during Mardi Gras celebrations in New Orleans, Wednesday, Feb. 19, 2020.(AP Photo/Brett Duke). Emergency personnel work the scene after a person was run over and killed by a float in the Mystic Krewe of Nyx parade during Mardi Gras celebrations in New Orleans, Wednesday, Feb. 19, 2020.
    (AP Photo/Brett Duke). Emergency personnel work the scene after a person was run over and killed by a float in the Mystic Krewe of Nyx parade during Mardi Gras celebrations in New Orleans, Wednesday, Feb. 19, 2020.(AP Photo/Brett Duke). Emergency personnel work the scene after a person was run over and killed by a float in the Mystic Krewe of Nyx parade during Mardi Gras celebrations in New Orleans, Wednesday, Feb. 19, 2020.
    Police in New Orleans say a woman was struck and killed by a parade float as the city celebrated Mardi Gras.
    Police in New Orleans say a woman was struck and killed by a parade float as the city celebrated Mardi Gras.
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."