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Rakoff Hits Ailing Cocoa Trader With 3 Years In $350M Fraud

By Jack Newsham ( August 13, 2018, 7:58 PM EDT) -- Peter G. Johnson, whose cocoa trading business Transmar went under after it deceived lenders out of more than $350 million, was sentenced to three years behind bars by U.S. District Judge Jed Rakoff on Monday, with the judge weighing the loss against Johnson's life of good works....

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