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      Before US Rate Bets Wiped Out Billions, Warnings Were Ignored in Chile

      It was a desperate appeal to regulators: Step in, they were urged, and put a stop to this reckless behavior. It came as Chilean pension funds were making outsized bets on US interest rates, more than a year before a painful blowup left them billions of dollars in the red.

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud