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Resource ID: #17126
Subject: Fraud
Source: Oregonian (Portland, Ore.)
Affiliation: 
Date: 2000-04-01

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Description

The Oregonian tells the story of Capital Consultants, an investment advisory firm. The firms chairman, Jeffrey J. Grayston, used Capital Consultants to run a coast-to-coast Ponzi-like scheme that concealed his loss of $160 million in a loan to Wilshire Credit Corp.

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