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A Hilton and Marriott Hotel Operator Raised $86 Million. The SEC Says It Misled More Than 2,000 Investors

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A Hilton and Marriott Hotel Operator Raised $86 Million. The SEC Says It Misled More Than 2,000 Investors

Phoenix American Hospitality and 16 affiliated companies filed for bankruptcy. They face fraud allegations and an investor class-action lawsuit.

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