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Ponzi Suspect Poised To Change Plea After Emailed Threat

Law360, San Jose (November 22, 2017, 6:33 PM EST) -- The federal government told a California federal judge Wednesday that they'd reached an initial plea deal with an investment manager facing securities fraud charges for running a $42 million Ponzi scheme, eight months after he threatened those involved with the case and saw his bail revoked.

Mark Feathers, the founder and CEO of Small Business Capital Corp., appeared in court Wednesday in a yellow Alameda County jail jumpsuit, his appointed attorney, Eugene G. Illovsky of Illovsky Law Office, by his side. According to a federal grand...
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