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Note: Criminal action against Dominic Fodera (Defendant), the chief financial officer and member of Board of Directors of HIH, a public reinsurance company, for wrongfully concealing the issuance and use of two LCs to resolve problems if the funds did not grow at the projected rate. Defendant did not reveal to the Board of Directors or auditor the existence, effect, or terms of the LC. On his conviction, the Supreme Court of New South Wales, Bell, J., sentenced Defendant to three years and four months imprisonment without parole.

[JEB/jmf]

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