Ex-Lancer Chief Acquitted In $200M Fraud Case
After a six-week trial, a federal jury in Miami found Lauer not guilty of conspiracy and fraud, dealing a blow to prosecutors who alleged that the defendant artificially boosted the value of hedge funds by tweaking the closing price of thinly traded securities.
Lauer maintained his innocence throughout the three-year-old case, saying federal investigators never found any evidence he participated in the alleged scheme. He...
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