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Facebook IPO Schemer Files For Chapter 11

By Tom Zanki (April 3, 2015, 5:26 PM EDT) -- A New Jersey man who pled guilty in 2014 to participating in a scheme to fraudulently sell shares of Facebook Inc. before its $16 billion initial public offering and was sentenced to prison last December for his alleged role in a related real estate scam filed for Chapter 11 bankruptcy on Thursday in New Jersey....

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