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FRIDAY MAY 23
Ex-Trader: Caught On Tape? A former stock trader charged on Thursday bilked his friends out of $16 million by luring them into largely fictitious investments, according to New York’s district attorney, then allegedly spending the cash instead on luxuries such as a $300,000 Aston Martin, a gold Cartier watch with diamonds and bracelets from Hermès. The ex-trader spent the money so quickly, prosecutors said, he now has only $375 in one bank account and just over $1,000 in a brokerage account. So, guess what he pleaded? May 2008New User?Sign up to get free access to TraderDaily.com
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