Lieto

An armored-car firm hired by Mr. Lieto to carry money for his check-cashing company got ensnared in the FBI probe.

Federal Asset Seizures Rise, Netting Innocent With Guilty John R. Emshwiller 2011

Mr. Lieto, the New York businessman, discovered the frustrations an innocent party can face as he worked for months to keep open his check-cashing business after federal agents seized his firm's working capital.

Federal Asset Seizures Rise, Netting Innocent With Guilty John R. Emshwiller 2011

For years, according to court filings, Mr. Lieto used an armored-car company to pick up cash from his bank for delivery to his check-cashing outlets.

Federal Asset Seizures Rise, Netting Innocent With Guilty John R. Emshwiller 2011

If the bags were opened and commingled, it was done by authorities, a Lieto court filing argued.

Federal Asset Seizures Rise, Netting Innocent With Guilty John R. Emshwiller 2011

New York businessman James Lieto was an innocent bystander in a fraud investigation last year.

Federal Asset Seizures Rise, Netting Innocent With Guilty John R. Emshwiller 2011

Midway through the race, Chris Lieto could relate to that sentiment.

chron.com Chronicle 2011

As he approached the eighth mile in his 26.2-mile run, Lieto sensed a sharp pain in his right Achilles.

chron.com Chronicle 2011

"I had to make that tough call because I didn't want to have anything as far as long term damage that would put me out the rest of the year," Lieto said.

chron.com Chronicle 2011

"It was an awesome course and I would say it's one of the best I've ever raced," Lieto said.

chron.com Chronicle 2011

After the conversation, Lieto decided to sacrifice the opportunity to add onto his glowing resume - which includes winning the half-ironman in Galveston this year and earning second place in the 2009 World Championships - and pulled out.

chron.com Chronicle 2011