AVERILL PARK, NY – A Rensselaer County woman is facing
felony charges, accused of stealing thousands of dollars from at least two
Police said 49-year-old Marcia Doyle of Averill Park, a
practicing attorney, was stealing money from people by promising very high
return rates on investments. But most of the victims said they never
received any repayment.
Police said it had all the makings of a get-rich-quick
scheme, and most of the targets were identified as clients, friends and
business people in the area.
Police first received tipped by people complaining of
losing their money.
“By people coming in and
making complaints that they had given money to Marcia Doyle and received no
return,” New York State Police senior detective Robert Stampfli said.
Stampfli said Marcia Doyle's activity was a red flag.
“It's very uncommon to see something like
this,” he said.
Police arrested and charged Doyle Wednesday with one
count of Scheme to Defraud in the Second Degree and two counts of Grand Larceny
in the Third Degree, all felonies.
Stampfli said Doyle was “obtaining funds with the
promise of a high return rate and then failing to pay anything back.”
Stampfli said his office has been investigating Doyle for
more than year. The Albany County District Attorney said the charges
filed Wednesday stem from activities in January and August of 2011 where Doyle
is accused of stealing $34,000 from two separate Schaghticoke residents.
“We have not had much conversation [with Doyle],”
Stampfli said. “She's represented by an attorney, and she is an attorney
herself. So, she's well versed in her rights and what to say and what not
Doyle was arraigned in Schaghticoke Town Court Wednesday
and remanded to the Rensselaer County Jail in lieu of $25,000 bail.
NEWS10 ABC went to Doyle's home for comment but was told
from behind a closed door to leave the property.
While Doyle is a practicing attorney, Stampfli said the
fraud had little to do with her job.
“[She was] not taking money for services rendered as an
attorney,” he said. “More taking money under the guise of either, quick
turnaround real estate deal or investment opportunities or things of that
Stampfli said he expects more charges to come.
“The only thing I can
really say is that it is a large amount of money and a large amount of people
[involved], more than two,” he said.
The Albany County District
Attorney has been asked to assign a special prosecutor to the case to avoid any
improprieties because Doyle has a professional relationship with the Rensselaer
County District Attorney.
While there are currently only two victims, police and
the Albany County DA's office expect the amount of money stolen and victims
involved will increase before the case is completed.
Officials are asking anyone with information on this case
or feels they may have been victimized by Doyle to call the State Police
Brunswick at 518-279-4427.