Ex-Stock Trader Is Accused of Duping Friends Out of Millions

A former stock trader was charged on Thursday with duping friends out of $16 million over six years by luring them into various investments, most of which never existed, District Attorney Robert M. Morgenthau said. Instead of investing the money his friends handed him, the ex-trader, David Holzer, 58, spent it on luxuries, including a $300,000 [...]...