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Finding Recourse When Investors Are Cheated

The financial scandals of recent weeks seem to involve the simple act of cheating. Whether it’s falsifying documents or fudging an interest rate quote, many of the actors of these schemes knowingly cheated in some form or another. But the federal government may need to find new ways of providing some recourse for investors who are victims of brazen fraud. The dictionary defines “cheating” as “to violate rules dishonestly.” It is a rather benign term. Who hasn’t fudged a bit on their taxes, or ignored the speed limit? Read New York Times report here.

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