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Friday, October 21, 2011

Hedge fund CEO admits $2.5M inside trade scheme

Hedge fund CEO admits $2.5M inside trade scheme NEW YORK (AP) — The Denver owner of a hedge fund has pleaded guilty to securities fraud in New York City. Drew "Bo" Brownstein admitted Friday that he made up to $2.5 million in profits on illegal inside trades. The hedge fund portfolio manager ... Hedge fund CEO admits $2.5M inside trade scheme

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