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Securities

A Georgia man skimmed half of the $2.4 million he raised for his Specter Ventures Fund II, and lied about it, the SEC claims in a federal complaint.

ATLANTA — Timothy S. Batchelor, 44, of Alpharetta, Georgia, skimmed half of the $2.4 million he raised for his Specter Ventures Fund II, and lied about it, the SEC claims in a federal complaint.

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