Friedman defines fraud claims
Savannah-based Friedman, the controversy-plagued jeweler that bankruptcy protection in January, a separate claims of fraud by the U.S. Department of Justice and the Securities and Exchange Commission.
Both agencies say that the 85-year old company “systematically taking excessive profits of Wall Street expectations” from 2001 to 2003 and made the “substance of false representations with regard to their credit.
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