Ex-Merrill Lynch Official Admits Payoffs: Albert Young,...
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From Times Staff and Wire Reports
Ex-Merrill Lynch Official Admits Payoffs: Albert Young, 61, of New York and Hawley, Pa., a former Merrill vice president, pleaded guilty to mail fraud, bribery and tax evasion. Young said he received about $127,500 in payoffs from contractors who built the brokerage’s headquarters in Manhattan’s World Financial Center. He faces up to 18 years in prison and a fine of $1 million.
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