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New York businessman pleads guilty to $50 million Ponzi scheme.
An Upstate New York businessman has pleaded guilty to orchestrating a Ponzi scheme that defrauded investors of more than $50 million.
The guilty plea marks a significant legal development in the case against the individual, who is accused of misappropriating funds from victims in a fraudulent investment scheme.
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El hombre de negocios de Nueva York se declara culpable de un esquema Ponzi de $50 millones.