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Trump Commutes Ex-Cay Clubs CEO's Ponzi Sentence

By Carolina Bolado and Nathan Hale ( January 14, 2021, 6:54 PM EST) -- President Donald Trump has commuted the 40-year sentence of Fred Davis "Dave" Clark Jr., who was convicted in 2015 of helping run a $300 million Ponzi scheme through the Florida Keys-based company Cay Clubs Resort and Marinas, Law360 has learned....

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