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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: SuperChief	9/16/2009 2:12:34 PM
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$12,000 take while others made $4.8 mil? Sept. 16 (Bloomberg) -- A former Lehman Brothers Holdings Inc. salesman was sentenced to probation and a fine for trading on stock tips gleaned from the wife of a colleague. Frederick E. Bowers was sentenced today by District Judge George B. Daniels in Manhattan to three years’ probation for conspiracy and securities fraud, according to his attorney. Bowers must also serve 2,000 hours of community service, pay a $15,000 fine and forfeit $12,000. .......... People trading on the tips reaped more than $4.8 million on illegal transactions from March 2004 to July 2008, the SEC said. bloomberg.com

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