Albany brokers convicted of Ponzi scheme, two more arrests in Troy murder, Raucci appeals for new trial, Bow Tie to take over Regal Wilton

It's going to snow. And everyone from airlines to hockey teams are starting to prepare.[TU] [Fox 23] [TU]

Albany-based brokers Timothy McGinn and David Smith have been found guilty of scamming investors in a Ponzi scheme. A jury convicted McGinn on 27 counts, and Smith on 15, of the 29 counts. The pair could face up to 30 years in prison and a $1 million fine. [TU] [WNYT][YNN]

Two more teens have been arrested in connection with the stabbing death of a Troy man this week. [Troy P.D. Press Release]

Steven Raucci's attorney argued on Wednesday that his client deserves a new trial because of what he called a "big pile of illegal hits". [YNN]

Contrary to suggestions made in the Wall Street Journal this week, that Andrew Cuomo and Senate Republicans are moving farther apart, Cuomo said yesterday that the debate has been healthy and called this year "remarkable for the lack of differentiation and the lack of argument" , and said this legislative cycle the is least controversial he's experienced as governor. [TU]

Senate Independent Democratic leaderJeff Klein on working for a Democratic agenda in the coalition-led Senate - "I think what we have to prove time and time again , is that negotiation is not a dirty word - it's an effective means of governing."[NYT]

A Rensselaer County judge has denied bail for a man charged in the murder of a Troy rapper last year. [Record]

Opening statements begin today in the trial of the man charged with killing 15-year-old Eddie Stanley in Schenectady in June of 2011.[YNN]

A Glens Falls man was picked up on burglary charges twice in one week. [Saratogian]

Saratoga Springs police have arrested three teens in connection with a series of driveby paintball shootings. [News 10]

Albany County employees who don't reside in the county might soon be granted a temporary reprieve of up to a year to comply with the 18-year-old rule requiring them to live in Albany County. [TU]

A bipartisan group of leaders from Saratoga County met with NYS racing and gaming advisers on Wednesday to urge the state to put a casino in the Spa City. [Saratogian]

Saratoga Springs officials say the city has plenty of water, but it's drilling an extra well for periods of high demand. [Saratogian]

A tempest over t-shirts at the Public Employees Federation.[TU]

More than 600 Upstate New York buyout applications have been approved for homes wrecked by storms Irene and Lee.[WNYT]

Former Congressman John Sweeney will co-host a local radio show on TALK-1300 AM. [TU]

Testifying on Capitol Hill on Wednesday, Shirley Ann Jackson warned Congress against cutting funding for research, saying that "nations that invest in education...make a commitment to innovation ecosystems, will be the global leaders of tomorrow." [WNYT]

Bow Tie Cinemas will take over the movie theater at the Wilton Mall once Regal closes the doors. They're planning to renovate the six cinemas and reopen them in November. [WNYT] [Saratogian]

The Lifetime movie about Christopher Porco will air on March 23.[TU]

What if your neighbor was keeping tigers and leopards? [TU]

The mayor of Glens Falls wants to move closing time for the city's bars from 4 am to 2 am. [YNN]

A Schenectady track coach has lost her job after making a joke to a student about missing a practice in a way that, while it didn't upset the student, bothered the administration. [Gazette]

Malta is planning a parade this May to honor veterans of the wars in Iraq and Afghanistan.[Gazette]

One way to quit smoking: Tell everyone you know and all the media that you're quitting. [News 10]

Berne Knox Westerlo basketball player Garrett Pitcher broke the school's career scoring record this week - a record set in 1955 by his grandfather. [News 10]

Jimmer Fredette will be on Wheel of Fortune tonight. [Saratogian]

_______________________________________________________________________

Troy P.D. Press Release - additional arrests in Corliss Park murder

Two additional persons were arrested Tuesday evening (Feb 5) and charged with Murder in the 2nd degree in connection with the stabbing death at the Corliss Park complex monday evening. 

Charged with Murder in the 2nd degree and remanded to the Rensselaer county jail without bail are:
Eric Aaron Mallard, 19, of 11 Thompson Street, Troy
Ravenal Gregory Dunbar, 17, of 3064 6th. Avenue, Troy.

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