Ex-Xinhua Finance CEO Fredy Bush Pleads Not Guilty to Fraud
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The former chief executive officer of Xinhua Finance Ltd., accused of taking part in a $50 million insider-trading scheme, said she is not guilty of defrauding investors and lying to regulators.
Loretta Fredy Bush, who headed Xinhua Finance for almost a decade, pleaded not guilty today in federal court in Washington to charges of conspiracy, mail fraud and making false statements. Bush entered her plea by telephone from her residence in Hawaii because of illness, her lawyer said.