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Convicted Ponzi Schemer Pleads Guilty To Facebook IPO Scam

By Kaitlin Ugolik ( September 3, 2014, 6:29 PM EDT) -- A New Jersey man who had previously been sentenced to 22 years in prison for running a real estate Ponzi scheme pled guilty on Wednesday to fraudulently selling shares of Facebook Inc. before its $16 billion initial public offering....

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