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January 2016 Archives

Officials: Broker took bribe in securities fraud scheme

It's a 10-hour, 700-mile drive from Lexington to Franklin Lakes, New Jersey. That's the home of a broker recently arrested by federal authorities for securities fraud. The 43-year-old man was taken into custody on charges that he accepted a $35,000 bribe to trade stock in VGTel Inc. at inflated prices.