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.