Friday, April 08, 2005

Government coffers, citizens $2.3B richer from latest Spitzer actions

Thanks to settlements in high-profile Wall Street investigations, state Attorney General Eliot Spitzer said his office earned more than $2.3 billion in financial recoveries in 2004 for the state, local governments and citizens.
The total was up 37 percent from 2003. It included more than $1 billion in restitution from brokerage firms, insurance companies and others involved in investigations by Spitzer and the federal Securities and Exchange Commission of wrongdoing on Wall Street.

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