Oneida County CFO Arrested For $775,000 Investment Scheme

The former chief financial officer of an Oneida County company has pleaded guilty to using nearly a million dollars of his employer's money in a failed investment scheme.

58-year-old Michael Bartusek admitted investing the money in a high-risk scheme to buy and sell diamonds from overseas. He hoped to return the company's money with the profits before he was found out. Instead, the diamond scheme fell through and the money was lost.


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