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U.S. markets recover from steep losses
ORLANDO, Fla., June 16 (UPI) -- An aid to convicted Ponzi scheme operator Lou Pearlman, has waived his trial on conspiracy and income tax invasion charges, court papers in Florida say.
Robert Fischetti, managed investor information and mailed out fraudulent account statements connected to a scheme that defrauded 1,500 investors of about $200 million, the Orlando (Fla.) Sentinel reported Wednesday.
Pearlman, the former manager of the Backstreet Boys singing group and 'N Sync, was sentenced to 25 years in prison in 2008 for operating the scam that hinged on investments in a Trans Continental Airlines Employee Investment Savings Account.
The investment was completely fraudulent, Fischetti's plea agreement says. Fischetti is expected to plead guilty July 1, the newspaper said.
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JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
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LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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