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New York-A Manhattan trial judge has refused to dismiss a charge of grand larceny against former Tyco International Ltd. general counsel Mark Belnick. Also denied was a motion to dismiss six counts of falsifying business records. Justice Michael Obus ruled orally on Aug. 12. He did not rule on Belnick’s motion to dismiss a charge that he violated the Martin Act, New York’s securities fraud statute, and another count of falsifying business records. District Attorney Robert Morgenthau first charged Belnick last September, at the same time as ex-CEO L. Dennis Kozlowski and ex-Chief Financial Officer Mark Swartz, alleging that the lawyer falsified business records to conceal $14 million in unauthorized loans to himself. The DA’s office added the grand larceny charge in February, as well as a charge that Belnick violated the Martin Act by participating in a scheme with Kozlowski and Swartz to defraud investors by concealing loans and other self-dealing. Prosecutors allege that Belnick himself stole around $50 million from the company.

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