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Prosecutors: NYC investment adviser blamed in $5B fraud

NEW YORK — Bus drivers, subway conductors and religious and charitable organizations nationwide were among victims when fraud speeded the downfall of private investment funds once worth $11 billion, causing a loss of $5 billion for investors, authorities said Tuesday. Additional details were expected to be released at a news
New York United States Damian Williams Gurbirs Grewal Exchange Commission Division Of Enforcement

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