2011-09-19finalternatives.com

``Nicholson pleaded guilty to running a Ponzi scheme in December 2009 and was sentenced to 40 years in prison the following November. He admitted that he began lying to investors as far back as 2004. But the meat of the scam didn't come until the collapse of Lehman Brothers, which in turn precipitated the collapse of Nicholson's seven hedge funds.''


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