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In February 2019, U.S. District Court Judge Margo K. Brodie approved a settlement in the case that amounted to $5.54 billion. [1] After four more years of litigation, in March 2023, the Court of Appeals for the Second Circuit affirmed the District Court’s final approval order, with a modification reducing service awards, and allowing the ...
Several statutes, mostly codified in Title 18 of the United States Code, provide for federal prosecution of public corruption in the United States.Federal prosecutions of public corruption under the Hobbs Act (enacted 1934), the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, the Travel Act (enacted 1961), and the Racketeer Influenced and Corrupt ...
New York v. Trump is a civil investigation and lawsuit by the office of the New York Attorney General (AG) alleging that individuals and business entities within the Trump Organization engaged in financial fraud by presenting vastly disparate property values to potential lenders and tax officials, in violation of New York Executive Law § 63(12).
Sauer responded that the appeals court had held in a previous case that the fraud statute only applies when the defendant has shown a capacity or tendency to deceive, or where there was "an ...
Learn how to recognize a merchant services scam and prevent payment fraud while protecting your business and customers.
(Reuters) -The U.S. Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo for failing to protect consumers from alleged ...
Writing for the Court, Justice Ginsburg was critical of Judge Posner's decision, referring to its "anomalous" ruling and the "judicial invention" found therein. [11] The appeal court was instructed to review Black's case and determine whether his fraud convictions should stand or if there should be a new trial. [42]
JPMorgan Chase admitted in 2014 to its first two felony counts with the U.S. Department of Justice for facilitating Bernie Madoff's Ponzi scheme by providing banking services to him for decades without filing the legally-required Suspicious Activity Reports. The bank shared its suspicion with U.K. regulators that Madoff was running a Ponzi ...