WG Trading Exec Pleads Guilty In $554M Fraud Case

Law360, New York (July 21, 2009, 5:19 PM EDT) -- The former chief compliance officer at broker-dealer WG Trading Co. LP pled guilty Tuesday to charges of helping the company's general partners orchestrate a $554 million fraud.

Deborah Duffy pled guilty to one count of conspiracy, one count of securities fraud and one count of money laundering at a hearing before Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York.

Duffy's sentencing is set for Jan. 21, 2010.

According to a criminal information, WG Trading solicited more than $7.6...
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