From coverage in Newsday:
"The former operator of the historic luxury liner the Queen Mary was indicted in Nassau County Court on charges that he defrauded two Long Island men out of $1.2 million in an investment plan to buy distressed hotels, court records show.
"Taylor Woods, 52, of Idaho, whose firm Urban Commons once ran the bankrupt Wagner Hotel in downtown Manhattan, pleaded not guilty to two counts of grand larceny and one count of a scheme to defraud.
“'This is not a crime,' his lawyer, Bruce Barket, said after the hearing. 'This is a business dispute. This is a failed investment opportunity in which my client lost more money than anyone else.'”
Read the article in Newsday:
Newsday: Tyler Woods Queens Mary Operator Charged with Fraud
