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: Breaking Legal News

Etheredge found guilty of securities fraud

By (Breaking Legal News)

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The founder of the failed Wild West World theme park, Thomas Etheredge was found guilty on seven of nine counts of securities fraud.

Etheredge, 55, maintained that he provided enough information about his past, in publishing the book, ?Real Men, Real Faith?. In 1987, Etheredge was convicted on nine counts of securities fraud.

However, the prosecution insisted that the book lulled investors into a false sense of security.

During the trial, Etheredge testified that in spite of budgeting correctly, poor weather and construction cost overruns caused the park?s failure.

The jury spent nearly two days in deliberation before reaching their verdict. The two counts where Etheredge was found not guilty involved investors that sought out Etheredge.

Full post as published by Breaking Legal News on February 11, 2010 (boomark / email).

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