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Wash. Adviser Who Hid Ponzi From SEC Cops 80-Month Plea

Law360, New York (March 20, 2017, 8:57 PM EDT) -- An investment guru who federal prosecutors say lied to the U.S. Securities and Exchange Commission to hide a Ponzi scheme and went on to fleece investors out of $3.6 million, even after he promised to come clean, has pled guilty in exchange for a recommended sentence of almost seven years in prison, according to documents filed in Washington federal court on Monday.

Bellevue, Washington-based investment adviser Chris Young Yoo promised to pay $1.3 million and accept a bar from the securities industry in 2015 after the...
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