Word: nealon
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Dates: during 1980-1989
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...before Fomon appeared at a press conference in New York City last week, Hutton President Scott Pierce had pleaded guilty on behalf of the firm to 2,000 separate criminal charges of mail and wire fraud. After accepting Pierce's pleas in a Scranton, Pa., courtroom, Federal Judge William Nealon fined Hutton the maximum $1,000 on each charge, or a total of $2 million. Never before had a prestigious Wall Street investment group acknowledged such a major fraud...