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Securities

Aug. 6, 2011

Jury awards $5.2 million to burned investor

A jury awarded $5.2 million to a Colorado businessman who lost millions when his investment was used in a scheme to manipulate and artificially inflate stock prices.


By Ciaran McEvoy


Daily Journal Staff Writer


LOS ANGELES - A state court jury has awarded $5.2 million to a Colorado businessman who lost a multimillion-dollar investment in a scheme to manipulate and artificially inflate stock prices.


Jack J. Grynberg and company, Pricaspian Development Corp., are suing ex-hedge fund boss Florian Homm, Homm's business partner, Todd M. Ficeto, and their California-based company, Hunter World Markets Inc., a...

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