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Investment company financial officer admits covering for diverted funds

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Former Chief Financial Officer Brian Shea acknowledged he created false accounting entries to conceal money that was being improperly diverted by business partners Timothy McGinn and David Smith. The 53-year-old Niskayuna man and former executive at the Albany-based McGinn, Smith & Co. admitted to one count of corruptly interfering with the administration of the internal revenue laws in U.S. District Court Tuesday. He now faces up to three years in prison and a $250,000 fine ...

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