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Hedge Fund Manager Pleads Guilty in Ponzi Scheme

(Boston Globe) A 70-year-old hedge fund manager from Allston pleaded guilty in federal court Wednesday to an array of counts in connection with a multimillion-dollar Ponzi scheme, prosecutors said. Raymond K. Montoya pleaded guilty to three counts of wire fraud, five counts of mail fraud, and two counts of conducting an unlawful monetary transaction, according to a statement from the US attorney’s office for Massachusetts.

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