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$55M Stock Fraud Can't Be Prosecuted In US, 3rd Circ. Told

By Matt Fair ( March 19, 2014, 5:05 PM EDT) -- Charges against a former stockbroker convicted of organizing a fraud scheme that bilked two brokerage firms out of some $55 million represented an improper application of federal law on actions that took place abroad, an attorney for the defendant told the Third Circuit on Wednesday....

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