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Andy Newman of the Times leads it this way:
John F. Haggerty, a Republican political consultant accused of stealing $1.1 million from Mayor Michael R. Bloomberg during Mr. Bloomberg’s 2009 re-election campaign, was found guilty of second-degree grand larceny and second-degree money laundering by a jury in Manhattan Friday morning.
The jury, on its third day of deliberations, found Mr. Haggerty not guilty of the most serious charge against him, first-degree grand larceny. First-degree grand larceny involves the theft of more than $1 million.
But the charges he is convicted of are both felonies. Mr. Haggerty faces a maximum of 15 years in prison.