Jury Convicts Ex-Fund Manager Balboa Of Inflating Assets
A Manhattan federal jury convicted Balboa on five counts of conspiracy and fraud, a court spokeswoman said. The verdict ends Balboa's second trial on allegations that he secretly worked to trick appraisers into overvaluing assets held by his fund.
An earlier trial ended in a mistrial in July after the jury deadlocked. Jurors this time began deliberating Tuesday, and took...
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