Prison Term in Post-Crash Fraud Case: The...
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From Times Staff and Wire Service Reports
Prison Term in Post-Crash Fraud Case: The former chairman of Haas Securities Corp., which collapsed in the wake of the October, 1987, market crash, was sentenced to five years in prison for manipulating the prices of three over-the-counter stocks. A federal judge said he imposed the harsh prison term on Eugene Laff, 52, of Greenwich, Conn., in part because of the large losses suffered by investors as a result of the scheme.
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