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01

Ex-Bond Broker Avoids Prison in N.Y. Pension Bribe Scheme

By Tony Seruga

Kelley sentenced to three years probation in pay-to-play case
Gifts to fund manager included, ski trip, McCartney tickets

A former bond broker persuaded a federal judge to spare her from prison after pleading guilty to conspiring with a portfolio manager of New York’s main pension fund to funnel state business to her firm in exchange for bribes including concert tickets and luxury vacations.

Deborah Kelley, 59, a former managing director at Sterne, Agee & Leach Inc., pleaded guilty in May to a single count of conspiracy for spending more than $19,000 to entertain the portfolio manager, Navnoor Kang, with a vacation in New Orleans that included VIP seats to a Paul McCartney concert and a ski trip in Park City, Utah…

Ex-Bond Broker Avoids Prison in N.Y. Pension Bribe Scheme

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