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Vanguard sued for “illegal gambling” investments

September 1st, 2008 No Comments

Shareholders in Vanguard funds sued the Vanguard Group Inc on Friday, accusing fund managers of investing their money in illegal gambling businesses before the government cracked down on them in 2006. The lawsuit filed in U.S. District Court in Manhattan said “these unlawful investments suffered significant losses when the government began arresting principals of the [...]

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