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You are here: Home / News / Commodities trader ordered to repay $2.3 million

Commodities trader ordered to repay $2.3 million

February 8, 2011 By [email protected]

St. Peters commodities trader Lynn Stuckey gets three years in prison and orders to repay his clients about $2.3 million for fraudulent investment of their money. Stuckey also has to forfeit more than $900,000 in various financial accounts. The federal prosecutor says he misrepresented the performance of his clients’ investments so he could collect more fees. He told his clients their investments were worth about $4.8 million, when actually they had shrunken from $2.2 million to only $900,000.

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