A jury awarded investors approximately $58 million in a lawsuit against a former Oregon Republican Party chairman who was accused of defrauding three venture capital funds he founded, and the funds' now-defunct accounting firm, Arthur Andersen.
Craig Berkman (pictured) admitted during the trial to withdrawing $5.2 million from the three funds, but claimed they were either stock purchases or loans. He lost approximately $60 million of the $75 million in the funds after the dot-com bubble burst.
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