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Conn. Atty Says SEC Lacked Evidence For Fraud Trial Win

By Brian Dowling (May 11, 2022, 2:32 PM EDT) — A Connecticut attorney said Tuesday a Boston jury’s finding that he ran a securities fraud scheme must be vacated due to thin trial evidence, prejudicial testimony and the court’s faulty jury instructions .

Henry B. Sargent’s request for a post-trial win came as the US Securities and Exchange Commission asked US District Judge William G. Young to order the attorney to pay $1.7 million in penalties, disgorgement and interest, plus face a permanent injunction and penny stock ban

A jury last month found that Sargent earned a windfall when he fraudulently dodged securities rules through a complex corporate scheme that merged his…

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