Tuesday, August 30, 2005

Guilty Pleas in Spitzer Mutual Funds Investigation

Albany, N.Y.: The former CEO and president of an Arizona-based trust company each pleaded guilty to criminal charges in a mutual funds industry investigation. New York Attorney General Eliot Spitzer accused the former executives of facilitating and participating in fraudulent mutual fund late trading and market timing schemes by a group of related hedge funds. [MSNMoney]


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