Investment Fund Manager Admits To $96 Million Ponzi SchemeAn investment fund manager has admitted in a Long Island courtroom to stealing nearly $100 million of investors' money in a Ponzi scheme that helped fund his interest in a Hamptons resort.
Officials: Two NY Men Charged In $96 Million Ponzi SchemeIf convicted, Brian Callahan and Adam J. Manson each face a maximum sentence of 20 years in prison on each of the securities fraud, wire fraud and conspiracy to commit wire fraud counts.

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