This is the Easton, CT home of Gregory P. Loles, a former investment advisor, and race team owner.
"The United States Attorney for the District of Connecticut announced that GREGORY P. LOLES, 51, of Easton, pleaded guilty today before United States District Judge Mark R. Kravitz in New Haven to mail fraud, wire fraud, securities fraud and money laundering offenses stemming from a scheme to defraud investors, including a Connecticut church, of millions of dollars."
Loles bankrolled several high-performance auto racing operations under the names Farnbacher-Loles Motor Sports, Farnbacher-Loles Racing and Farnbacher-Loles Street Performance in Danbury, Connecticut. Farnbacher- Loles, which included Porsche-Motorsports among its supporters, were the 2009 Gran Am Rolex GT Champions and also won the 24 hours of Daytona.
This 5,676 square foot home has 5 bedrooms and 4.5 bathrooms. The property consists of a tennis court and a swimming pool set on 3.84 acres. The current appraised value of the property is $1,645,000.
, In The News