"vigorously denies the charges brought against him today by the government. He looks forward to his day in court where he is confident that he will be fully vindicated"
Translated into English: "Okay, so we got our butts nailed to the wall! We're going to plead down to lessor charges, pay a fine and maybe spend only 18 months in prison and be barred from having anything to do with a publicly traded company forever."
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