Best-selling author Tom Clancy, whose novel "Debt of Honor" described an elaborate deceit on Wall Street, now finds he is the biggest loser in a $6 million securities fraud case in Maryland.
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Clancy invested $1.4 million of his money and $500,000 on behalf of a private school in Calvert County, Md., with Richard A. Scott of Alexandria, Va.Scott's business, Goldie's Coin and Stamp Center in Camp Springs, Md., filed for bankruptcy protection earlier this month, said a spokesman for the family.