An Ex Sec Sleuth Is Hardly Your Usual Suspect

A former investigator is charged in a stock case linked to Dan Dorfman

On Oct. 3, federal prosecutors indicted and arrested six men in connection with an elaborate and highly sophisticated stock fraud. Among the alleged participants are two convicted felons. A third was a broker with a record of disciplinary actions by securities regulators. But one defendant stands out as an unlikely accused con man: James W. Nearen, a former enforcement attorney at the Securities & Exchange Commission who once was responsible for investigating the scheme.

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