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NewPoint Receiver To Get $4M In BofA Settlement

By Steven Melendez (January 31, 2012, 10:17 PM EST) -- The receiver recovering funds for victims of an alleged Ponzi scheme run by the head of NewPoint Financial Services Inc. said Tuesday that he reached a settlement with Bank of America NA that will allow him to recover more than half of the $6.86 million he sought to claw back from the bank....

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