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Home / News / St. Charles Business Record / Wachovia will pay $45 million to end Okun fraud suits

Wachovia will pay $45 million to end Okun fraud suits

Wachovia Corp. agreed to pay $45 million to settle lawsuits related to its work for the tax-deferral firm 1031 Tax Group LLC, whose customers were defrauded of more than $126 million by imprisoned founder Edward Okun. The accord was disclosed in bankruptcy court papers filed last week in New York by the trustee liquidating 1031 Tax ...

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