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Ex-Bear Stearns banker pleads guilty in fraud case

CHICAGO, Feb 25 (Reuters) – A former municipal banker at
Bear, Stearns & Co, pleaded guilty on Wednesday to fraud
involving hospital financing that is part of a wide-ranging
probe of government corruption in Illinois.
P. Nicholas Hurtgen, who had been set to go on trial in
U.S. District Court next month, pleaded guilty to one count of
aiding and abetting a scheme to defraud Illinois’ health
facilities planning board, which was weighing a proposal Read the rest of this entry »