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Southeast Banking Corporation was a bank holding company based in Miami, Florida. On Friday, September 19, 1991, during the savings and loan crisis, Southeast failed and was seized by the Office of the Comptroller of the Currency.
A federal judge denied a motion from Battle Born Investments, a Nevada-based venture capital firm, to prevent the government from selling $6.5 billion worth of Bitcoin, according to a court filing ...
Tax sale: seized assets; Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants; Insolvent companies where the government is the liquidator (e.g. official receiver) Unowned property; Often goods sold at government auctions will be unreserved, meaning that they will be sold to the highest bidder at the ...
Sun Capital originally assembled Point Blank's assets through bankruptcy auction processes. [ 5 ] In 2016, The Wall Street Journal reported that Sun Capital had returned more than 18 times its investment in Critical Flow Solutions after doubling the portfolio company's earnings in less than two years. [ 6 ]
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The Federal Reserve Bank of New York is located in a massive building that takes up an entire block in Manhattan's Financial District. Construction of the building was completed in 1924.
In 2015, Eric Holder ended the policy of "adoptive forfeiture", which occurred "when a state or local law enforcement agency seizes property pursuant to state law and requests that a federal agency take the seized asset and forfeit it under federal law" due to abuse. [20]
Huawei Technologies asked a U.S. judge to dismiss much of a federal indictment accusing the Chinese telecommunications company of trying to steal technology secrets from U.S. rivals and misleading ...