"Ribotsky then sold the stock in the open market and transferred the cash proceeds to an Equilibrium bank account instead ofan AJW Qualified Fund bank account. In total, between August 2004 and June 2009, Ribotsky generated approximately $1,060,000 in cash proceeds in the Equilibrium brokerage and bank accounts by converting debentures and selling stock that belonged to the AJW Qualified Fund. Ribotsky misappropriated nearly all of this money for his personal use, as described below." 42.
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