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Spitzer Probe Into Illegal Trading Snags Calugar

By Catherine Fredenburgh (January 26, 2006, 12:00 AM EST) -- A former securities broker has pled guilty to a criminal charge of defrauding mutual fund investors, just two weeks after he agreed to disgorge $153 million to settle civil charges. The deal, which comes as a virtual warning to players in the mushrooming mutual fund scandal, crowns an aggressive probe by New York Attorney General Eliot Spitzer into illegal trading....

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