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Bookkeeper gets almost 20 years for stealing $53M from Ill. town

A former bookkeeper for a cash-strapped Illinois town, who admitted embezzling $53 million to finance a lavish lifestyle centered on prize-winning horses, was sentenced Thursday to almost 20 years in prison.

Peregrine Financial fraud loss tops $215 million, U.S. says

Peregrine Financial Group's former chief executive embezzled more than $215 million from customers of his now-defunct futures brokerage, U.S. prosecutors said in court documents filed on Tuesday.

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