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Craigslist: Hookers! Killers! Con Men! Scapegoats!

in News on May 18, 2009 at 8:59 am PT

Give the SEC credit: they know how to write a press release. Yesterday, the commission announced that it had charged two New Jersey men with a scheme involving the sale of so-called “prime certificates of participation,” which were supposed to be invested in various fixed income instruments, but in fact were pocketed by the sellers and used to help run their payroll services company and a charter aviation firm.