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The Case Against Leon Cooperman

The Wall Street legend has promised to fight to clear his name. But the SEC has a pretty compelling case, lawyers say.

      Leon Cooperman, chief executive officer of Omega Advisors Inc. (Illustration by Hellovon).  By July 2010, Leon Cooperman was having a bad year. The flagship hedge fund of Omega Advisors, his then-19-year-old firm, was down almost 5 percent through June — a decline that threatened the comeback he had been enjoying since

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