VAN GRAAFEILAND, Circuit Judge:
Wayne T. Drinkwine appeals from the portion of the judgment of the United States District Court for the Southern District of New York that imposed upon him a fine of $50,000. For the reasons that follow, we vacate that portion of the judgment and remand it to the district court for further consideration.
From 1983 through 1995, Drinkwine administered the retirement and pension plans of several school districts in New York and...
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