Anndee
on August 3, 2023
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New York jury finds three guilty of $60 MILLION tribal bond fraud
By Brendan Pierson
DEVON ARCHER
NEW YORK, June 28 (Reuters) - A jury in Manhattan federal court on Thursday found three people guilty of orchestrating a scheme to defraud a Native American tribe and multiple pension funds through the issue of $60 million worth of tribal bonds, prosecutors said.
John Galanis, 74; Devon Archer, 44; and Bevan Cooney, 45, were convicted of conspiracy and securities fraud following a 5-1/2-week trial, according to a statement from the office of Deputy U.S. Attorney Robert Khuzami .https://www.reuters.com/article/usa-crime-trialbonds-idUSL1N1TU25W
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