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SEC Drops Fraud Suit Against Imprisoned Ex-Ala. Mayor

By Mandi Woodruff (September 26, 2011, 8:10 PM EDT) -- The U.S. Securities and Exchange Commission announced Monday it had ended a civil suit against an ex-mayor of Birmingham, Ala., who was sentenced to 15 years in prison for participating in a municipal bond bid-rigging scheme that helped push an Alabama county to the brink of bankruptcy....

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