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Pleas Continue In Credit Lyonnais Scandal

Law360 (January 20, 2006, 12:00 AM EST) -- In the newest development in a securities fraud scandal that has spanned decades, former Credit Lyonnais chairman Jean Peyrelevade has pled guilty to two counts of making false statements to the U.S. Federal Reserve.

Peyrelevade, who was indicted on a slew of charges including wire fraud, mail fraud, and making false statements to U.S. banking regulators, will pay $500,000 and serve five years of probation.

The unique terms of the plea bargain allow Peyrelevade to enter a plea without admitting guilt, a situation that is legally...
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