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Owner of Sacramento firms accused of fraud

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SACRAMENTO, Calif. (AP) — The owner of two Northern California medical-supply businesses has been arrested on fraud charges for allegedly running a Ponzi scheme to keep his firms afloat. The Sacramento Bee cites court papers that say Deepal Wannakuwatte took in more than $125 million over the past decade from investors who were financing contracts to supply gloves to the U.S. Department of...

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