21.   Three former stock brokers told a New York State hearing today that they defrauded investors in micro-cap stocks to create illicit profits for brokers and insiders.

22.   Twice in the last year, currency trading companies in which Efrosman was a top executive have been the target of federal proceedings charging that the companies defrauded investors.

23.   Under the California corporations code, it is unlawful to use schemes to defraud investors.

24.   When it does, shareholder lawyers are often at the courthouse within hours, claiming the company defrauded investors by withholding or misrepresenting information.

25.   All five were charged with attempting to defraud investors of the now-defunct Blaise financial institutions.

26.   Defense lawyers made final arguments against a Swiss request to extradite financier Werner K. Rey, who is accused of defrauding European investors of millions of dollars.

27.   Federal authorities have charged him with securities fraud, saying he defrauded investors to finance his extravagant lifestyle.

28.   Financier Werner K. Rey defended himself in court Tuesday against a Swiss extradition request that contends he defrauded investors back home of billions of dollars.

29.   He was recently charged with defrauding local investors, who applied for his estate to be liquidated.

30.   Last week the Frankfurt state court convicted three mid-level employees of the group with helping to defraud investors, and sentenced them to probation for up to two years.