TOLEDO, Ohio — Editor's note: This story has been updated to show when defendants are due back in court for arraignment and which ones have had bonds set.
Eight financial managers from Northwest Capital, a Lucas County investment firm, are facing a combined total of 204 felony charges after allegedly mismanaging $72 million of client money and deceiving and defrauding investors in a decade-long scheme.
According to a press release issued by the Ohio Attorney General Tuesday afternoon, an indictment was filed last week in the Lucas County Common Pleas Court, naming eight defendants facing felonious charges:
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