Business: Options Scam In Boston

Where is "James Carr"?

To his neighbors, James A. Carr seemed a solid citizen. He was the smooth-talking president of Boston-based Lloyd, Carr & Co., which billed itself as the nation's largest firm in the arcane field of commodity options, and in less than two years had spawned twelve offices, reaching west to San Francisco. He lived in a $200,000 harborside house, drove his wife and three daughters around in a Rolls-Royce, and gave sage interviews to Boston newspapers. Last week he appeared to have also been the author of one of the...

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