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Ex-State Street VP charged in string of ‘vicious’ rapes gets bail reduced by $700K

BOSTON — An alleged serial rapist who was fired from his job as vice president of State Street following his arrest faced a judge Thursday and got his bail reduced from $1 million to $300,000.

Ivan Cheung, 42, of Quincy, is accused of raping two teenage girls and two women at knifepoint in “vicious” attacks that date back to the summer of 2003, according to the Suffolk District Attorney’s Office.

Investigators used new technology to link Cheung to the alleged crimes through DNA lifted off cigarette butts Cheung was smoking outside South Bay, Boston police said. With the help of a rape kit, detectives matched up that DNA and took Cheung into custody on Sept. 12.

A judge also ordered Cheung to stay away from all of his alleged victims, surrender his passport, and refrain from leaving Massachusetts if he is able to post bail.

Cheung is charged with four counts of aggravated rape, two counts of rape of a child with force, two counts of aggravated rape of a child with force, and two counts of statutory rape of a child.

State Street terminated Cheung shortly after the allegations surfaced.

He is due back in court for a pre-trial conference on Oct. 26.

This is a developing story. Check back for updates as more information becomes available.

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