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Criminal

Jul. 13, 2010

Attorney Pleads Guilty to Graf

A one-time Newport Beach attorney pleaded guilty to fraud Friday for bilking clients and others out of more than $1 million.

A one-time Newport Beach attorney pleaded guilty to a federal fraud charge Friday in connection with a scheme that bilked law clients and others out of more than $1 million in 2005-06. Gerald M. Shaw and a non-lawyer partner promised investors returns of 30 percent to 40 percent per week on safe European bank securities, but the two kept the money for themselves, prosecutors have said. Shaw, 62, pleaded guilty to accepting $300,000 from one investor and could go to pri...

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