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Ex-SEC lawyer pleads guilty in Dreier fraud case

November 9, 2009 1:18 pm ET

A former lawyer with the enforcement division of the Securities and Exchange Commission has pleaded guilty to conspiracy in a fraud carried out by a prominent Manhattan lawyer.

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The lawyer, Robert Miller, entered the plea to conspiracy and securities fraud charges in federal court in Manhattan on Monday.

Miller admitted helping Marc Dreier conspire to sell more than $44 million in fictitious securities to hedge funds in 2006 and 2007.

Dreier is serving a 20-year prison sentence after pleading guilty to federal charges.

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