Tag: Michigan Securities Division
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SEC: Broker Ripped Off Elderly Nuns In New York; Paul George Chironis Targeted Sisters Of Charity In Churning Scam, Agency Says
A Long Island, N.Y.-based broker ripped off “a congregation of mostly elderly nuns in the Bronx” in a churning scheme in which he repeatedly executed trades that eroded the value of two accounts held by the Sisters of Charity to line his own pockets, the SEC said. Paul George Chironis, 58, of Melville, N.Y., has…