SEC charges adviser with fraud linked to bailout (AP)

Posted by admin on February 3, 2009 under News | Read the First Comment

SEC charges adviser with fraud linked to bailout (AP)
AP – Federal regulators on Wednesday charged an investment adviser with securities fraud, saying he bilked clients of at least $6.5 million in the first scheme using the government’s $700 billion financial bailout program as a front to lure investments.

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