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‘Substantial’ prison terms sought in fraud case against McGinn, Smith

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Federal prosecutors are asking a U.S. District Court judge to hand convicted investment brokers Timothy McGinn and David Smith “very substantial” prison terms for defrauding hundreds of investors.

In a 13-page sentencing memorandum filed Wednesday, prosecutors cited the “particularly egregious” nature of their fraud and the trust they breached with their investors. And while prosecutors didn’t recommend a specific sentence, they asked the court to impose a lengthy sentence and issue an order that ...

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