Excerpted from AJC.com…
Pension funds for Atlanta police, firefighters, transit workers and other employees were defrauded by their investment advisory firm, the U.S. Securities and Exchange Commission alleged Thursday in order triggering an administrative action.
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The newspaper also found that Gray didn’t disclose $425,000 to the pension systems that he was paying off $425,000 in federal tax liens and a $1 million settlement of a lawsuit that accused him of fraud at the time he was pitching his company’s funds.
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