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Austrian banker who pleaded guilty in US might walk

SmartBrief – Michael Berger, an Austrian banker accused of securities fraud, might go free without facing any charges, Vienna prosecutors said. Berger pleaded guilty to securities fraud in Manhattan, N.Y., in 2000 after the $400 million collapse of his hedge fund, but he became a fugitive in 2002 until his arrest in Austria in 2007.

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