OTHER NEWS - Nov. 23, 1991
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Mazur Bankruptcy Settlement: A federal bankruptcy court judge has approved an agreement whereby Los Angeles investor Sherman Mazur will pay $3.86 million to his former real estate company, American Resource Corp., to settle civil fraud charges. American Resource is being liquidated by bankruptcy court trustee Ronald L. Durkin, who filed the civil charges. The complaint alleged that Mazur and his affiliates ruined ARC through mismanagement and fraud. In agreeing to the settlement, Mazur denied any wrongdoing.
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