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The SEC has charge Gregg D. Caplitz and his advisory firm, Insight Onsite Strategic Management of Wilmington, with bilking $1.1 million from clients, reports the WilmingtonPatch.

Caplitz told clients the money would be invested in a hedge fund but instead transferred the money to the firm’s chief investment officer, who spent the money for personal items.

Read the full article from WilmingtonPatch here.

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Last modified on Sunday, 19 May 2013
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