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NY AG sues private equity manager over false claims and bad investments

(Opalesque) New York Attorney General Letitia James is suing Laurence G. Allen and the various corporate entities he controls for defrauding investors and misappropriating more than $13 million to enrich himself and his companies between 2008 and 2018. The complaint – filed in New York County State Supreme Court – alleges repeated and ongoing violations of New York’s Martin Act.

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