Per Curiam.
The respondent was admitted to practice in the First Department in 1953. He was a stockholder and the secretary of and attorney for Microthermal Applications, Inc. In 1969, they raised approximately $650,000 in a public offering. $480,000 of the funds raised, contrary to the prospectus filed with the Securities and Exchange Commission (SEC), was secretly transferred to a partnership which dissipated the funds and was unable to repay the corporation...
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