Thomas Kelly, 63, of Johnson City has been charged with mail fraud in Federal Court Wednesday.
Kelly sold investment products while a financial consultant at M&T Bank that were not authorized by M&T over a 15 year period.
The products from Seneca Group or Seneca Financial were actually controlled by Kelly. It is alleged that false representations were made concerning the way the funds would be invested.
It is believed that investors lost about a million dollars.
Anyone who may have invested with Seneca is asked to contact the FBI in Binghamton at 722-5321.
