Securities Trader Pleads Guilty to Fraud Scheme

A securities trader has reportedly pleaded guilty to charges of fraud in regard to a $2.5 million scheme. According to reports, the man is accused of defrauding investors for over 16 years. He was allegedly soliciting people he knew and promised high rates of return on investments. He would then give them some money but it was actually money from new investors. He will now be facing a sentencing date.

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