Ex-Fund Prez Can't Dodge Lying Charges In Petters Case

Law360, New York (September 28, 2011, 6:50 PM EDT) -- A Minnesota magistrate judge on Wednesday refused the former president of Arrowhead Capital Management's request to throw out allegations that he lied under oath during testimony about his involvement with imprisoned Ponzi schemer Thomas J. Petters.

James Nathan Fry is awaiting a February trial on charges of aiding and abetting Petters' $3.7 billion scheme, securities and wire fraud, and making false statements to the U.S. Securities and Exchange Commission when the agency questioned him last fall.

The false statement charges as laid out in the superseding...
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