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Ex-Root Exec Gets 51 Months In Prison For $10 2M Theft

The former chief marketing officer for Columbus, Ohio-based car insurer Root Inc. has been sentenced to 51 months in prison followed by five years of supervised release for embezzling more than $10.2 million from his employer and spending it on plastic surgery, a yacht, a plane, and other personal expenses.

Root (NASDAQ:ROOT) Raised to Buy at Jefferies Financial Group

Root (NASDAQ:ROOT – Get Free Report) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Friday, Benzinga reports. The firm currently has a $40.00 price target on the stock, up from their previous price target of $10.00. Jefferies Financial Group’s price objective would suggest […]

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