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September 2, 1997updated 01 Sep 2016 3:40pm


By CBR Staff Writer

A Federal probe of possible insider trading in Lotus Development Corp shares before the IBM Corp take-over continues to rumble on. Robert Kowalskie, from New Jersey has pleaded guilty in a federal court to one count of obstructing a Securities and Exchange Commission probe into the deal. He is alleged to have made $109,000 from trading in Lotus shares and now faces a $250,000 fine and up to five years in jail.

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