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Kuwaiti charged with fraud in US kills himself
Jul 26, 5:35 PM (ET)
By DIANA ELIAS
KUWAIT CITY (AP) - A Kuwaiti businessman linked to Citigroup and charged in the United States with fraud committed suicide Sunday, a security official said.
Hazem al-Braikan was found dead in his bed with a gunshot wound to the head and a handgun at his side, said the official, speaking on condition of anonymity because he did not have the full details.
The U.S. Securities and Exchange Commission charged al-Braikan last week with scheming to make millions by manipulating the stock of certain U.S. companies. The SEC said it was freezing more than $5 million in profits believed to have been made off the questionable deals by al-Braikan and three companies with whom he is associated.
Al-Braikan was CEO of Al-Raya Investment Co. which is 10-percent owned by the New York-based Citigroup Inc.
http://apnews.myway.com/article/20090726/D99MCO100.html
Jul 26, 5:35 PM (ET)
By DIANA ELIAS
KUWAIT CITY (AP) - A Kuwaiti businessman linked to Citigroup and charged in the United States with fraud committed suicide Sunday, a security official said.
Hazem al-Braikan was found dead in his bed with a gunshot wound to the head and a handgun at his side, said the official, speaking on condition of anonymity because he did not have the full details.
The U.S. Securities and Exchange Commission charged al-Braikan last week with scheming to make millions by manipulating the stock of certain U.S. companies. The SEC said it was freezing more than $5 million in profits believed to have been made off the questionable deals by al-Braikan and three companies with whom he is associated.
Al-Braikan was CEO of Al-Raya Investment Co. which is 10-percent owned by the New York-based Citigroup Inc.
http://apnews.myway.com/article/20090726/D99MCO100.html