UPFRONT

Printer Avoids Jail Time

NEW YORK—The head of a Long Island City printing company has pleaded guilty to grand larceny for defrauding two investors out of $145,000, the New York Post reported. Peter Saad, owner of Project 912, agreed to repay the money in exchange for a likely sentence of five years' probation. Saad made several false statements to two acquaintances in order to entice them into investing in Project 912.