Bankruptcy Law News
9/4/2008 10:20:33 AM EST
2 Wall St. brokers accused of $1B subprime fraud
NEW YORK – (AP) A former Wall Street broker pleaded not guilty Wednesday to charges he and a colleague duped investors into purchasing more than $1 billion in high-risk securities by making it look as though the trades were protected by the federal government.
An indictment unsealed in federal court in Brooklyn said because the securities actually were tied to subprime mortgages, … Full version (available to lexis.com subscribers)
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