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First United Equities made big news when federal authorities revealed that the brokerage, along with Lexington Capital Corp. and AGS Financial Group, had bilked former tennis star Steffi Graf and other investors out of more than $50 million. The former owner of Lexington Capital, Alan Berkun, and another associate of the firm, Joseph Marc Blumenthal, now face federal charges of securities fraud and narcotics money laundering.
April 04, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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