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To: Jim Spitz who wrote (33720)	8/30/2001 10:03:35 AM
From: Jim Spitz	Read Replies (1) \| Respond to of 37746

Stockbroker pleads guilty in Kline insider trading case Star Tribune Published 08/30/01 Wayzata stockbroker Bruce Le Duc on Wednesday pleaded guilty in U.S. District Court and agreed to pay an $80,000 criminal fine and face up to 10 years in prison for aiding and abetting Twin Cities investor George Kline in violation of securities laws. Le Duc is the final defendant to enter a guilty plea for his role in the case, which was brought in March and has been described as the biggest tax and stock fraud investigation in state history. Le Duc, 50, of Minnetonka, admitted in court that, at Kline's direction, he engaged in securities transactions involving the stock of companies for which Kline was a director and had access to inside, nonpublic information. In particular, Le Duc admitted he aided and abetted Kline in violation of securities law with the purchase and sale of 4,000 shares of CyberOptics Corp. stock in September 1997 and with the October 1997 short sales of 10,100 shares of Applied Biometrics Inc. stock. Chief Judge James Rosenbaum will determine LeDuc's sentence based on federal guidelines. A sentencing date isn't expected to be set for at least three months. -- Terry Fiedler © Copyright 2001 Star Tribune. All rights reserved