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Danbury couple charged for toy auction fraud

Two Danbury residents have been arrested for a toy auction fraud scheme.  Danbury Police launched an investigation into New England Toy Train Exchange Auction in November.  Police say more than 60 victims lost nearly $700,000. 


54-year old Donald Karagianes and 52-year old Naomi Karagianes were charged yesterday with larceny and conspiracy.  They were released on written promises to appear in court at a later date. 


The state Department of Consumer Protection and Connecticut Attorney General assisted with the investigation.

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