DALLAS -- A federal grand jury has indicted a former Oklahoma state deputy treasurer and two businessmen on 32 counts in a securities dealing scheme that allegedly involved conspiracy, bribery, kickbacks, and money laundering.

The indictment, which was announced Wednesday in Oklahoma City, represents one of the largest public corruption cases in Oklahoma history and culminates a more than one-year investigation into the loss of millions of taxpayer dollars following $1.6 billion in state securities trades.

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