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Roslyn investment adviser accused in $55M Ponzi scheme
Roslyn investment adviser Edward Stein preyed upon friends to run a $55-million Ponzi scheme, the U.S. Securities and Exchange Commission said Wednesday in a lawsuit filed in U.S. District Court in Manhattan. In freezing assets in seven investment funds he controls, the SEC said Stein produced false statements showing healthy returns to bilk more than 83 people. Instead of investing his clients'...
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