High Court Agrees To Review Banker's Copy-Paste Fraud

By Dunstan Prial (June 18, 2018, 10:48 AM EDT) -- The U.S. Supreme Court agreed on Monday to review a D.C. Circuit decision finding that an investment banker who copied and pasted his boss' allegedly fraudulent email about an energy investment into a message to clients is himself liable for fraud.

The high court granted a petition of certiorari filed by Francis V. Lorenzo, who had challenged the U.S. Securities and Exchange Commission's finding that he was liable for fraud for passing on two messages from his boss that were meant to induce investors to buy bonds from an energy company by omitting important information about the company. Lorenzo argued that...

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