A federal judge in Pennsylvania has set an Oct. 6 criminal trial date for Robert Bradbury, the former head of the defunct underwriter Dolphin & Bradbury, for allegedly defrauding four Pennsylvania school districts by selling them unsuitably risky notes between 1998 and 2004 to finance a failed golf course - investments that led them to lose $10.5 million.

Judge R. Barclay Surrick of the U.S. District Court for the Eastern District of Pennsylvania in Philadelphia set the trial date earlier this month, nearly six months after the Justice Department announced a nine-count indictment against Bradbury. He faces eight counts of mail fraud and one count of securities fraud and, if convicted, he could serve a maximum of 160 years in prison and be required to pay $2 million of fines.

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