California man pleads guilty in $50M internet scheme (AP News)

AP News
California man pleads guilty in $50M internet scheme – NEWARK, N.J. (AP) – A California man pleaded guilty Wednesday to running a $50 million fraud scheme using fake websites that advertised high returns on certificates of deposit. Allen Giltman, 56, pleaded guilty by videoconference to wire fraud conspiracy and securities conspiracy. …

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