Pay-to-Play Case Nets Guilty Plea

Cataldo, Adam L.
January 2005
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p1
Trade Publication
The article reports that a former J.P. Morgan Securities Inc. vice president pleaded guilty in U.S. District Court yesterday to two counts of wire fraud in connection with the ongoing pay-to-pay investigation in Philadelphia as of January 2005. Anthony Snell pleaded guilty in connection with his efforts to arrange a fraudulent 50,000 dollar payment to bond attorney Ronald White as part of Snell's efforts to win municipal bond underwriting business from the city. White, who died of cancer in November 2004, was a powerful bond lawyer in Philadelphia and major campaign contributor to Mayor John Street who has not been charged in the case.


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