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The U.S. Court of Appeals has upheld a ruling by the Securities and Exchange Commission that determined that Francis Lorenzo was responsible for defrauding investors by sending emails seeking funding for a bogus waste-to-energy company. So reports Reuters.

Lorenzo had appealed the regulator’s decision, claiming that he shouldn’t be held responsible because he didn’t write the emails.

Read the full article from Reuters.

Last modified on Saturday, 30 March 2019
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