Opening Up the Journal Scandal

Charges of "fraud and deceit" hit a reporter and his friends

The plan, according to the Securities and Exchange Commission, was first discussed after work one night last October at New York City's Renaissance-style Racquet & Tennis Club on Park Avenue. It was refined a few days later at a private home and golf club in the posh community of Locust Valley on Long Island's fashionable North Shore. Present: Peter Brant, 31, the handsome, polo-playing stockbroker who was one of Kidder Peabody's top salesmen, and Wall Street Journal Reporter R. Foster Winans, 35, one...

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