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Prosecutors question spending from hedge fund account

Daily Press – When Jeffrey A. Martinovich went to trial in a federal fraud case earlier this year, some people wondered how he was able to afford the well-known criminal defense lawyer handling the case against him.

After all, Martinovich’s firm, MICG Investment Management LLC, had closed its doors in May 2010, and Martinovich filed for personal bankruptcy a year later. In some of the more riveting testimony at his April trial, Martinovich said he sold his Rolex watch and went to Las Vegas in early 2011 to try to win some needed cash.

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