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The SEC has charged South Carolina lawyer M. Mark McAdams and a cohort with bilking about 35 investors out of $3.5 million. McAdams and co-defendant R. Dane Freeman allegedly promised investors in their firm, Global Holdings, returns of up to 4,900 percent in two months from buying and selling S&P AAA or AA rated bonds or medium-term notes and trading them overseas. According to the SEC, McAdams used the e-mail system and letterhead at the law firm where he was a partner, without the firm's knowledge.
March 19, 2010 at 12:00 AM
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The original version of this story was published on Law.Com
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