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Boston Developer Charged In Shakedown Threat

Feb 9, 2010 | Reprints | Unlock Link | Print

A Boston real estate developer has been charged with sending enforcers to threaten a local man over a $90,000 business debt.

The Boston Globe reports that according the FBI, David Gefke, president of First Capital Mortgage Group in Boston and East Springfield LLC, hired Michael Lee to go to the alleged victim’s office on Jan. 29 and demand payment.

The man, identified in court papers as John Doe, reported the threats.

On Feb. 1, with the FBI and Boston police watching, Lee allegedly took a $5,000 watch off the alleged victim’s wrist in an upscale Boston hotel and demanded the rest of his expensive watch collection.

Gefke and Lee were both charged with extortion Monday in federal court. Gefke’s lawyer refused comment. Lee’s lawyer said his client is innocent. (AP)

Executive Briefing