1.0 link 103213 <![CDATA[Former Trader Charged With Stealing $16 Million From Friends, Blowing It On Luxuries]]> http://www.huffingtonpost.com/2008/05/23/former-trader-charged-wit_n_103213.html A former stock trader who prosecutors say was recorded confessing his crimes was arrested Thursdsay for stealing $16 million he promised to invest for friends and clients.

Detectives arrested David Holzer, 58, at his $2.5 million home in New City, N.Y., on charges of grand larceny and scheme to defraud.

Holzer pleaded not guilty at his arraignment in Manhattan's state Supreme Court. Justice Roger Hayes set bail at $2 million and scheduled his next court appearance for May 30. Holzer faces up...

]]> 2008-05-31T05:12:00-04:00