Fred Leighton Owner Hit With Fraud Charges

By Erin Marie Daly (November 22, 2010, 5:07 PM EST) -- The former owner of Fred Leighton Holdings Inc. was arrested Monday by U.S. postal inspectors on charges that he lied during the jewelry company's Chapter 11 proceedings and embezzled more than $40 million in connection with $217 million in loans from a Bank of America Corp. subsidiary and others as part of a scheme to profit from the bankruptcy....

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