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Ponzi Scam

The SEC says it has shut down a $5.6 million Ponzi scam that Paul Horton Smith Sr., a registered investment adviser, ran through his companies Northstar Communications, eGate, and Planning Services, all of Riverside County, California.

LOS ANGELES — The SEC says it has shut down a $5.6 million Ponzi scam that Paul Horton Smith Sr., a registered investment adviser, ran through his companies, Northstar Communications, eGate and Planning Services, all of Riverside County, California.

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