Michael K. Bleckley and Phillis M. Bleckley — the Richland, Ga. couple accused of bilking a family out of millions — had their $1.5 million bonds reduced in a Wednesday hearing.
Prosecutors also said at the hearing that RICO proceedings had begun in the counties where the Bleckleys owned property.
Michael Bleckley’s bond was reduced to $100,000, and his wife’s was lowered to $50,000 after an hour-long hearing before Muscogee County Superior Court Judge Doug Pullen. Both were arrested Aug. 19 after being indicted on counts including conspiracy to commit theft, failure to register as broker-dealer and a violation of the Georgia Racketeer Influence and Corrupt Organization Act, as well as seven counts each of theft by taking and selling unregistered securities.
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