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CFTC Says Traders Swiped $2M From Oldsters

NEW ORLEANS (CN) - William Guidry, Matthew Pizzolato and their company, Capital Funding Consultants, defrauded elderly people of more than $2 million, the Commodity Futures Trading Commission claims in Federal Court. Guidry, 35, and Pizzolato, 26, raised more than $19 million for their so-called "commodity pools," the CFTC says.

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