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Gateway Capital Boss Gets 8 Years

MANHATTAN (CN) - The Los Angeles man who ran Gateway Capital Partners has been sentenced to 8 years in federal prison. Of the $19 million he took from investors, Howard Schneider, 64, stole $5 million outright, swiped another $3.7 million after sending it overseas, and bought $3 million in gold coins, whose whereabouts are unknown.

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