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Westgate Founder Gets 40 Years For Ponzi Scheme

By Christie Smythe (October 29, 2010, 6:19 PM EDT) -- A judge on Friday sentenced former Westgate Capital Management LLC founder James M. Nicholson to 40 years in prison for bilking investors out of as much as $140 million, a penalty falling just shy of the 45-year maximum sentence requested by prosecutors....

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