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Snowplow Driver Convicted of Luring, Killing Teacher

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Police track Indiana slaying suspect’s movements

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4 men plead not guilty in deadly mall carjacking

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NYC man arraigned in beating death of 3-year-old

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Jury: Man killed girlfriend’s parents with hammer

In this Oct. 9, 2014, file photo, Navajo presidential candidate Chris Deschene speaks to supporters in Window Rock, Ariz. Deschene has lost another round in a language fluency dispute, all but ending his bid for office. The tribe's high court on Wednesday, Oct. 22, 2014, upheld a ruling from a lower court that said Deschene is not qualified to seek the top elected post because he doesn't speak fluent Navajo. (AP Photo/Felicia Fonseca, File)
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Tribe’s highest court orders candidate off ballot

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Blackwater guards found guilty in Iraq shootings

People gather around a television in the lobby of the Washington state Supreme Court to watch oral arguments in a case against Backpage.com, on Tuesday, Oct. 21, 2014, in Olympia, Wash. The court heard a case filed by three sex trafficking victims who say the website helps promote the exploitation of children. (AP Photo/Rachel La Corte)
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Website asks high court to throw out lawsuit

This undated file photo provided by the Williams County, N.D., Sheriff's Department shows Michael Keith Spell. A plea agreement with prosecutors filed Tuesday, Oct. 21, 2014, calls for a 100-year sentence for Spell, 25, on a charge of deliberate homicide for the 2012 death of Sherry Arnold. A charge of attempted kidnapping would be dropped. (AP Photo/Williams County, N.D., Sheriff's Department, File)
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Judge to hear plea deal in oil patch killing

In this Aug. 1, 2014 file photo, one of the two girls accused of stabbing another girl is led into the courtroom during court proceedings at Waukesha County Court in Waukesha, Mich. A Wisconsin judge is deciding whether one of two 12-year-old girls accused of stabbing a classmate to please a fictional online horror character is mentally fit to stand trial. (AP Photo/Milwaukee Journal-Sentinel, Michael Sears, Pool, file)
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Judge reviews mental state of stabbing suspect, 12

Clare Bradburn gives an impact statement after her ex-husband Ed Graf pled guilty to the murder of their two sons following his retrial, Tuesday, Oct. 21, 2014, in Waco, Texas. (AP Photo/Waco Tribune Herald, Jerry Larson)
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Texas man admits setting 1986 fire, killing 2 boys

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Washington Supreme Court to hear Backpage.com case

Megan Huntsman, accused of killing six of her newborn babies and storing their bodies in her garage, appears in court Monday, Oct. 20, 2014, in Provo, Utah. Huntsman made a brief court appearance as attorneys set Dec. 11 for a hearing where a judge will hear a review of the evidence. (AP Photo/Rick Bowmer, Pool)
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Mom accused of killing 6 babies appears in court

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Brother of former NFL player enters plea agreement

This undated file photo provided by the Allegheny County District Attorney shows University of Pittsburgh medical researcher Dr. Robert Ferrante. Jury selection is set to begin for the start of his trial Oct. 21, 2014, in Pittsburgh on charges in the cyanide poisoning death of his neurologist wife, Autumn Klein, chief of women's neurology at the University of Pittsburgh Medical Center. Klein died in April of 2013 after suddenly falling ill. (AP Photo/Allegheny County District Attorney, File)
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Cyanide homicide trial likely battle of experts

This Jan. 23, 2014, file photo shows New Jersey Gov. Chris Christie addressing a gathering at the Dudley Family School in Camden, N.J. Lawyers for a state legislative panel investigating a political payback scandal say a former aide to Gov. Christie has shown no valid legal reasons for refusing to comply with a subpoena. (AP Photo/Mel Evans, File)
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Law allowing sports betting signed by Christie

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Attorney sentenced to jail in drug-framing scheme

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Arizona joins other states in allowing gay unions

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Man brags he killed Chinese California students

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Groups appeal for release of license plate scans

NEW YORK (AP) — U.S. federal prosecutors have charged two Brazilian nationals with insider trading in connection with 3G Capital's $3.26 billion acquisition of Burger King in 2010.

The complaint announced Monday alleges that Waldyr Prado, a 43-year-old former Wells Fargo financial adviser, and one of his brokerage clients, Igor Cornelsen, illegally profited from insider information about the Burger King deal after Prado learned about it from another client who had invested in private-equity firm 3G.

Prado and Cornelsen, a 65-year-old director of an investment company based in the British Virgin Islands, live in Brazil and have not yet been arrested, according to the office of Preet Bharara, U.S. Attorney for the Southern District of New York, and the Federal Bureau of Investigation. Bharara's office did not immediately know what the next step would be in the proceedings. Prado left the U.S. for Brazil in 2012 after being deposed in a lawsuit brought against both men by the Securities and Exchange Commission, telling his U.S.-based supervisor that he feared he would be charged with perjury and that Brazil has no "extradition policy."

According to the criminal complaint unsealed Monday, one of Prado's clients invested in 3G Capital and in March 2010 was told by that company that it was in talks to buy Burger King. The investor signed a confidentiality agreement with 3G related to the deal, but was allowed to discuss its merits with Prado based on his role as financial adviser. But Prado "misappropriated" the information and purchased Burger King stock and options, say prosecutors.

The complaint states that Prado emailed Cornelsen in May 2010 revealing that he had "some info that I cannot say over the phone...You have to hear this." From May through August, Cornelsen purchased Burger King options. After 3G's September 2010 announcement that it planned to buy Miami-based Burger King, Prado and Cornelsen sold their holdings in the fast-food chain for profits of more than $175,000 and about $1.68 million, respectively.

The two are charged with securities fraud and fraud in connection with a tender offer, which each carry a maximum term of 20 years in prison. They are also charged with conspiracy to commit securities fraud and fraud in connection with a tender offer, which carries a maximum term of five years in prison.

Messages left with Cornelsen's attorney Monday evening weren't immediately returned. Prado couldn't immediately be reached for comment, and it is unclear if he is currently represented by counsel.
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Judge: Ex-soldier should pay fees to Burger King

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Authorities: Woman jumped with kids, killing 1

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