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Industry: Email Alert RSS FeedChapman found guilty of defrauding Maryland fund.(News Briefs: Maryland State Retirement & Pension System)
Pensions & Investments, August, 2004
BALTIMORE - Nathan Chapman Jr., a former money manager who ran assets for the $30.1 billion Maryland State Retirement & Pension System, Baltimore, was found guilty Aug. 12 by a federal court jury on 23 of 36 counts of fraud, confirmed Vicki Leduc, spokeswoman for the U.S. Attorney's office. He will be sentenced in U.S.
District Court in Baltimore on Nov. 1. "The defendant in this case abused the trust that was placed in him by the state pension fund, investors and his employees,'' said Thomas DiBiagio, U.S. attorney. "This investigation and prosecution and today's verdict reaffirm the single principle that has guided this office since its inception - justice without fear or favor.'' Carol Boykin, who was chief investment officer of the pension fund while...
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