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McGinn Smith case draws mixed reaction from Capital Region financial community

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Investor Rick Kastraveckas wishes the $50,000 he gave McGinn Smith & Co. years ago was still in his hands. “But unfortunately, it’s not,” said Kastraveckas, 58. “Have I seen any income on it? No.” Albany-based investment firm McGinn Smith is accused of investor fraud, deception and taking money from investors to fund a sex-themed cruise business and the luxuries of life instead of giving back investment returns, causing significant losses to those who trusted the ...

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