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Texan with $30M fraud history gets federal prison

By Washington Examiner
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HOUSTON (AP) — A repeat fraud offender who owed nearly $30 million in restitution at the time of a Texas securities scam must serve nearly 20 years in prison.

A federal judge in Houston on Thursday also ordered 65-year-old Richard Plato of Baytown to pay $3 million in restitution. Jurors last fall convicted Plato of conspiracy to commit mail fraud and five counts of mail fraud.

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