NEW YORK - Prominent money manager Mario Gabelli and related companies will pay $130 million to resolve civil allegations of fraud accusing him of trying to gain unfair advantage in cellphone spectrum auctions, the government announced Thursday.
The deal was approved Thursday by U.S. District Judge Paul A. Crotty. It was announced by U.S. Attorney Michael Garcia.
The deal came after the government sought to intervene in a 5-year-old lawsuit brought by private …
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