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New Jersey broker charged in $8M Ponzi scam

A New Jersey woman was charged today with raising $8 million through a Ponzi scheme that defrauded investors in her purported wholesale merchandise business.

A New Jersey woman was charged today with raising $8 million through a Ponzi scheme that defrauded investors in her purported wholesale merchandise business.

Jenifer Devine, 39, promised annual returns of more than 200 percent to more than 15 investors in Devine Wholesale in Carlstadt, New Jersey,

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