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Police arrested 61-year-old Annie Vick — owner of the Pinocchios Incredible Italian restaurant chain in northern Colorado — Feb. 1 on suspicion of 10 counts of securities fraud, according to an affidavit for her arrest. Vick allegedly solicited the investments — though she was not licensed to sell securities — without disclosing the risks involved or the losses she incurred. She also used part of the investments she solicited to repay prior investors, as well as to cover restaurant expenses, credit card payments and for personal use.

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