Exec Pleads Guilty In $30M Ponzi Scheme

By Erin Marie Daly (October 10, 2006, 12:00 AM EDT) -- The former head honcho of a residential mortgage business who raised more than $30 million from more than 200 investors to pay off personal gambling debts and finance his lavish lifestyle was felled Tuesday, pleading guilty to securities fraud charges brought by federal regulators....

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