Jury Finds Company Conspired to Defraud

Summary


LOS ANGELES A federal jury found Tuesday that a French company owned by billionaire Francois Pinault conspired to defraud California regulators as part of a scheme to take over failed insurer Executive Life.

However, while ruling on the state's lawsuit, the jury cleared Pinault himself of any involvement in the scheme.

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Extract


Jury Finds Company Conspired to Defraud

Jurors also considered three allegations that th...

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