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A stockbroker who bilked one of the Bay Area’s preeminent venture capitalists out of more than $4 million pled guilty Tuesday to charges of wire fraud.

Daniel O’Connell, 37, admitted that he took several million dollars from the account of Redwood Venture Partners founder Raj Singh in an effort to recover the loss of $145,000 of his wife’s money.

O’Connell invested the millions in dot-com options in the hope of using the profit to cover the $145,000 before returning Singh’s money to its rightful place. Unfortunately, he invested the money at a time when the NASDAQ 100 was notching a new low, and lost $4.25 million in about a month.

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