NEW YORK -- Former Bank of America broker Theodore C. Sihpol III was found not guilty this afternoon on 29 of the 33 counts charged against him, including grand larceny, the Associated Press reports.

Supreme Court Justice James Yates declared a mistrial on the remaining four counts, which covered a first-degree scheme to defraud, violation of the Martin Act and two counts of falsifying business records. Sihpol was facing up to 30 years in jail.

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