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The Boston Globe


Boston Capital

Meyers owes $45 million in stock deal

Dan Meyers lost a very large fortune watching First Marblehead Corp., the Boston student loan company he runs, plunge in value over the past five years. His problems just got even more expensive.

A Suffolk Superior Court judge has ruled that Meyers, who cofounded First Marblehead 21 years ago, reneged on two personal deals to borrow money so he could buy more stock and maintain his ownership stake in the fast-growing business during the 1990s.

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