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Florida Bulldog
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Dr. Zachariah P. Zachariah

Dr. Zachariah P. Zachariah

By Dan Christensen, BrowardBulldog.org

Sworn testimony in the Broward insider stock-trading case against a top Republican fundraiser is shedding new light on the alleged fraud and how political access is bought and sold.

Fort Lauderdale heart doctor Zachariah P. Zachariah and two other physicians, including his brother, are accused by the Securities and Exchange Commission of using nonpublic information to make more than a half-million dollars in illegal profits from stock trades in 2005.

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Dr. Zachariah P. Zachariah

Dr. Zachariah P. Zachariah

By Dan Christensen, BrowardBulldog.org

Next week’s federal insider trading trial of a major Broward GOP fundraiser with close ties to former President George W. Bush has been called off while a possible settlement deal is worked out.

Dr. Zachariah P. Zachariah, his physician brother and a third Fort Lauderdale doctor are accused of hauling down more than a half-million dollars in illegal profits during a fraudulent stock trading scheme in 2005.

A trial on the civil charges that was set for Nov. 9 was cancelled to allow time for the Securities and Exchange Commission to decide whether to accept signed offers of settlement from co-defendants Dr. Mammen P. Zachariah and Dr. Sheldon Nassberg, according to court records. 

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