The Daily Gazette
The Locally Owned Voice Of The Capital Region

McGinn, Smith witness gets probation

Shea admitted changing books to cover fraud

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One of the key witnesses in the trial of two Capital Region brokers convicted of swindling millions from their investors was sentenced Wednesday to probation and fined $5,000. Brian Shea, 54, of Niskayuna, was the chief financial officer for Albany-based McGinn, Smith & Co., which diverted about $4 million from investment trust funds to pay for personal expenses, including lavish homes, expensive country club memberships and race horses. Partners Timothy McGinn and David Smith were ...

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