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Cincinnati Advisor Pleads Guilty to Ponzi Scam

Saturday, Feb 08 2014

Regulatory & Compliance

Written by PFA News

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Glen Galemmo, a former investment advisor in the Walnut Hills area of Cincinnati, has pleaded guilty to conducting a Ponzi scam. So reports WCPO Cincinnati.

In the plea agreement, he acknowledged cheating investors out of as much as $20 million, but Federal officials say the actual amount involved with the scam could be considerably more.

Read the full article from WCPO Cincinnati.

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