WASHINGTON — Martin Kanefsky is the second broker of muni investment agreements that the Justice Department has taken action against, after CDR Financial Products, which the government indicted in October on nine criminal counts over alleged bid-rigging of muni investment and derivatives contracts.

Kanefsky, the former owner and chief executive officer of Kane Capital Strategies Inc., a now-defunct Great Neck, N.Y.-based firm that helped municipal issuers secure guaranteed investment contracts for their bond proceeds, pleaded guilty on Thursday to participating in two separate fraud conspiracies and wire fraud.

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