A former adjunct professor at Texas A&M is accused of taking part in a trading scheme that authorities say defrauded investors out of more than $19 million.
U.S. regulators say Robert Watson and a Houston attorney used forged bank records to make it appear they reaped annual returns exceeding 20 percent in foreign-exchange trading.
Watson was an invited lecturer at A&M's Mays Business School from January to April.
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