Jury Convicts Ex-State Senator Of Securities Fraud

Law360, New York (May 21, 2007, 12:00 AM EDT) -- A jury has found a former majority leader of the Connecticut State Senate and his consulting firm guilty of fraudulently receiving a portion of a $75 million investment in state pension funds from one of his long-time friends.

The jury in the U.S. District Court for the District of Connecticut on Friday found William A. DiBella and North Cove Ventures LLC liable for aiding and abetting then state treasurer Paul J. Silvester in a fraudulent investment scheme.

Silvester invested $75 million in state pension funds with...
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