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May 19, 1999 | From Times Staff and Wire Reports
Tustin-based PairGain Technologies Inc. and two of its top officers are the targets of a federal criminal investigation in connection with a $15.8-million investment loss that the company suffered in 1995. The U.S. attorney's office is looking into whether PairGain Chairman Charles Strauch and Chief Financial Officer Charles McBrayer committed any crimes with respect to the company's investments with a Beverly Hills money management firm, according to a regulatory filing Monday.
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BUSINESS
May 19, 1999 | From Times Staff and Wire Reports
Tustin-based PairGain Technologies Inc. and two of its top officers are the targets of a federal criminal investigation in connection with a $15.8-million investment loss that the company suffered in 1995. The U.S. attorney's office is looking into whether PairGain Chairman Charles Strauch and Chief Financial Officer Charles McBrayer committed any crimes with respect to the company's investments with a Beverly Hills money management firm, according to a regulatory filing Monday.
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