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Reuters: Traders plead guilty to foreign exchange scam

Started by chris, July 09, 2008, 12:41:07 AM

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chris

Traders plead guilty to foreign exchange scam
      


NEW YORK (Reuters) - Two currency traders pleaded guilty on Tuesday to defrauding investors, admitting their firm engaged in almost no trading and that they misappropriated money from investors and used it to buy luxury homes and cars, federal prosecutors said.
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