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Securities

Feb. 14, 2013

Defendants face criminal securities fraud charges in alleged investment scam

The U.S. Attorney's Office for the Central District filed criminal securities fraud charges against 16 defendants who together bilked investors out of an estimated $31 million, according to grand jury indictments unsealed Wednesday.


By Henry Meier


Daily Journal Staff Writer


The U.S. Attorney's Office for the Central District filed criminal securities fraud charges against 16 defendants who together allegedly bilked investors out of an estimated $31 million, according to grand jury indictments unsealed late Wednesday afternoon.


The action is split into two separate cases, but many of the alleged wrongdoers appear as defendants in both matters. Charges stem from what pr...

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