WOULD-BE STOCKBROKERS ADMIT HIRING IMPOSTERS BEFORE TEST.Byline: Samuel Maull Associated Press Associated Press: see news agency.
Associated Press (AP)
Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world.
Thirty stockbroker hopefuls pleaded guilty Tuesday to hiring impostors to take licensing tests for them in a cheating scandal and agreed to a lifetime ban from the securities industry.
The defendants avoided prison but were ordered by Manhattan's State Supreme Court Justice Edward McLaughlin For other persons named Edward McLaughlin, see Edward McLaughlin (disambiguation).
Edward "Punchy" McLaughlin (d. October 20, 1965) was a former boxer and a member of the "The McLaughlin Brothers" gang of Charlestown, Massachusetts. to pay fines ranging from $5,000 to $20,000 for attempted forgery. They could have been imprisoned im·pris·on
tr.v. im·pris·oned, im·pris·on·ing, im·pris·ons
To put in or as if in prison; confine.
[Middle English emprisonen, from Old French emprisoner : en- for up to four years.
Cases are still pending against 23 other defendants - including middlemen and the impostors - who were indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. last month in the exam fraud that covered exams given from 1993 to 1995.