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Ex-Trader Tells Jury $30M Losses Were Mistakes, Not Fraud

By Lauraann Wood ( February 5, 2024, 10:44 PM EST) -- An ex-trader charged with tanking his former employer by claiming inflated commissions and entering unauthorized trades that caused $30 million in losses testified Monday that he wasn't trying to defraud others but rather cover his hedges and correct significant mistakes he'd made while trading....

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