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Alleged fake stockbroker arrested

An alleged con arrested by Colonie police after a local businessman alerted authorities after he realized he was scammed out of $6,500 back in September 2010.

George F. DeGaspar, 57, of Saratoga Springs has been accused of scamming the businessman by allegedly acting as a stockbroker. He allegedly cashed the check the day he had received it, according to the police report, making the businessman suspicious.

After an internet search revealed DeGaspar had been convicted of several felony and misdemeanor crimes, such as frauds and larcenies, since 1976 and had done prison time, the victim then tried to retrieve his money but was unsuccessful.

A warrant was issued by Colonie police, but DeGaspar was not able to be located. But after tips from CBS6's Perp Patrol, police discovered DeGaspar was at a relative's house in Cobleskill. As New York State Police and U.S. Marshalls arrived, DeGaspar allegedly tried to flee out the back window.

DeGaspar was charged with grand larceny in the third degree, a larceny, and was taken to the Albany County Correctional Facility. He is to appear in Albany County Court at a later date.

Colonie Police are urging anyone else who believes they have been scammed to contact their local police department.

DeGaspar has used several aliases, according to police, with names such as G. Frederick DeGaspard, George Degasard, George Gaspard and George GeGastard.""

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