Wachs in 1997 pleaded guilty to bank fraud in a scheme to defraud Chase bank out of $20.8 million. He was fined $250,000 and barred from the securities business.
"The simple fact is nearly 75% of George Latimer's donors come from the Bronx and Westchester, as compared to just 9% for Mr. Bowman," Latimer's campaign said.
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