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Verdicts

Aug. 26, 2006

Judge OKs Suit of Oversight Agency by Scammed Investors

After hundreds of investors lost $240 million in a securities scam, a judge ruled that the state agency responsible for protecting the public from fraud can be held accountable when it doesn't do so.

By Rebecca Beyer
Daily Journal Staff Writer

      After hundreds of investors lost $240 million in a securities scam, a judge ruled that the state agency responsible for protecting the public from fraud can be held accountable when it doesn't do so.
      San Diego County Superior Court Judge John S. Meyer's ruling earlier this month allows 44 investors who lost $7.2 million to proceed ...

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