Attorney Pleads Guilty|to Securities Fraud

     NEW YORK (CN) – Florida attorney Louis Zehil pleaded guilty Monday to securities fraud for buying unregistered, restricted securities and selling them under the pretense that they were registered and freely tradable.



     As art of his plea deal, Zehil agreed to forfeit $17 million, and to pay restitution to his victims, federal prosecutors said.
     Zehil pleaded guilty to two counts: securities fraud and conspiracy to commit securities fraud.

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