New York Attorney General Eliot Spitzer has convened a grand jury to investigate the $600,000 in profits that Richard Strong, one of Fortune magazine’s 400 richest people in America, made, The New York Times reports.

The panel has been meeting for the past several weeks. Stanley Arkin, Strong’s attorney, maintained his client’s innocence. "Our position has been and continues to be that there’s no way there was any crime committed," Arkin told The Times. "There is no way [Spitzer] has any jurisdiction over Mr. Strong."

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