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Scallop M&A boom

Feds: Rafael told undercover agents he’s been running fraud scheme for 30 years

While allegedly trying to sell his firm for $175m to federal agents posing as Russian mobsters, Carlos Rafael reportedly said he’s has run a fraud scheme for over 30 years

By Tom Seaman | Feb. 26, 2016 23:38 GMT
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Carlos Rafael allegedly told undercover agents from the US Internal Revenue Service (IRS), posing as two Russian mobsters and a broker, that he has been running a fish fraud scheme for 30 years [...]

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