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San Holdings Called A Vast Scam

MANHATTAN (CN) - As CEO of San Holdings, John Jenkins of Englewood, Colo. defrauded investors of $700,000 by hiding the company's vast indebtedness, taking their money as "investments," then immediately paying it to himself and a dozen cohorts as "bonuses" before San Holding's final collapse, multiple plaintiffs claim in New York County Court. See complaint.

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