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Takeover investor Paul A. Bilzerian, indicted last...

Takeover investor Paul A. Bilzerian, indicted last week for alleged securities fraud and other charges, will be arraigned Jan. 5, the Manhattan U.S. attorney’s office said. Bilzerian was to have been arraigned Thursday, but U.S. attorney’s office spokeswoman Carol Weiss said it was postponed because of unspecified scheduling conflicts. At an arraignment, a defendant is formally charged with an offense and can enter a plea. The 38-year-old resident of St. Petersburg, Fla., has asserted that he is innocent. Bilzerian, who is chairman of Singer Co., was indicted Dec. 21 by a federal grand jury in Manhattan on 12 counts of securities fraud, tax fraud, conspiracy and making false statements to the Securities and Exchange Commission. The charges stem from an investigation into his unsuccessful takeover attempts on Hammermill Paper Co., H. H. Robertson Co., Cluett, Peabody & Co. and Armco Inc.


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