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Pennsylvania Stockbroker Charged in Ponzi Scheme

Pennsylvania Stockbroker Charged in Ponzi Scheme

No, it's not the Polka King of Pennsylvania but something far more prosaic. Last week, according to complaint released by the Securities and Exchange Commission (SEC), a former stockbroker based in Wayne, PA has been sentenced to more than 5 years in prison for operating a $2.35 million ponzi scheme that involved 30 investors.