Blazer, 70, was a focal point of a probe from federal authorities and through the guilty plea acknowledged his part in crimes such as racketeering, money laundering, and wire fraud, The New York Times reported.
Blazer is still awaiting a sentencing hearing on the charges, but in the meantime has relinquished $1.9 million of his assets to make restitution to federal agencies, including the IRS, according to The New York Times.
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