Ex-Bagel Chain Owner Pleads Guilty to Fraud
From Times Staff Reports
The former owner of the Manhattan Bagel chain pleaded guilty Wednesday to charges that he defrauded 10 investors, including his in-laws, out of more than $1.2 million, U.S. prosecutors said.
The victims thought their money was being used for business investments.
But Allan Boren used the funds to support “gambling trips to Las Vegas, Atlantic City and the Bahamas,” the U.S. attorney’s office said.
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