PAAM manager ordered to pay $291m in compensation, fines
22 Aug 2008
The long-drawn out prosecution of Paul Eustace came near to a close on Tuesday as a US district court judge ordered him to pay more than $279m in restitution and another $12m in civil penalties for defrauding customers in four commodity pools he managed at Philadelphia Alternative Asset Manage-ment (PAAM).
The court ruling...
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