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2nd Circ. OKs 13 Years For Largest Ever Conn. Ponzi Scheme

By Jody Godoy (March 15, 2016, 5:02 PM EDT) -- The Second Circuit on Tuesday refused to reduce a 13-year sentence for a former hedge fund manager who ran what authorities called the largest Ponzi scheme Connecticut had ever seen, saying the district court could have given Francisco Illarramendi even more prison time....

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