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For U.S. and other foreign investors and businesses, the Cayman Islands' main appeal as a financial center is the absence of all major direct taxes, free capital movement, a minimum of government regulations, and a well-developed ... From ABC News. NEW HAVEN, Conn. (AP) – Three former hedge fund executives pleaded guilty to a conspiracy charge stemming from a scheme to deceive investors in order to keep a big customer, federal prosecutors said Thursday.



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