Michael MacCaull, who is a principal at a company called Razor FX, has been charged with a scheme to defraud investors of as much as $68 million. He pleaded not guilty at a hearing on Tuesday.
MacCaull has history as a fraudster. Back in 2002, he got a 15-month prison sentence after pleading guilty to conspiracy to commit securities fraud, mail fraud and wire fraud at a company called Sterling Foster & Co, which was effectively a boiler room.
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