An attorney for a Florida businessman who served as CEO of a company that defrauded customers in a precious metals investment scheme asked an 11th Circuit panel Tuesday to overturn an order finding him in contempt for not paying restitution.
Read moreThe husband and wife founders of a Houston charter school amassed a fortune preying on their students’ parents. The duo pocketed fees they charged students to go on field trips and to wear street clothes on Fridays instead of school uniforms.
Read moreOn a cloudy Friday morning, a small group of activists met in the parking lot of a Florida state senator’s office grasping glossy placards and wearing buttons supporting a recent constitutional amendment restoring the voting rights of felons.
Read moreHolding the CEO of Southern Trust Securities Holding Corp. in contempt, a federal judge said Robert Escobio has 10 days to pay the Commodity Futures Trading Commission $350,000, plus monthly installments of the $1.5 million in restitution he owes customers, or be jailed.
Read moreThree justices balked Monday at the Supreme Court’s refusal to take up a case involving whether a judgment of restitution should be decided by a jury.
Read moreThe Commodity Futures Trading Commission permanently barred Pishon Holding LLC and Sung Hong aka Lawrence Hong, a recidivist felon, and Hong’s wife from the commodities business, and ordered them to pay $1.3 million in restitution.
Read moreA California man who was disbarred in 2015 was sentenced Friday to 18 months in federal prison for defrauding clients and investors, and ordered to pay $1.5 million in restitution.
Read moreA federal judge granted the SEC’s request for $9.2 million in disgorgement and fines from Lawrence Penn III, for grand larceny and falsifying records in the private equity fund he managed, and for his “complete lack of remorse” despite his guilty pleas.
Read moreThe Supreme Court ruled unanimously Tuesday that reimbursement of costs and expenses under the Mandatory Victims Restitution Act only applies to government investigations and criminal cases, not private investigations or civil proceedings.
Read moreThe 15-year-old boy who admitted sparking a massive wildfire in the Columbia River Gorge by lobbing firecrackers into a ravine won’t serve any jail time, but he will have to pay a $36.6 million restitution bill that his lawyer called unconstitutional and “absurd.”
Read moreAs the “Wolf of Wall Street” was in Lithuania giving a motivational speech Wednesday, his lawyer was in a Brooklyn courtroom battling government prosecutors who want to garnish his finances for restitution and other penalties he owes.
Read moreThe Ninth Circuit ruled against Newport Beach attorney Stephen Young Kang, who challenged the sealing of his multimillion-dollar restitution order for defrauding clients, as his plea agreement bars such an appeal.
Read moreThe Supreme Court will review whether reimbursement of costs of investigations and expenses incurred under the Mandatory Victims Restitution Act that were “neither required nor requested” by the government may be included in restitution.
Read moreVictims of Bernie Madoff are finally eking out restitution nearly nine years after the hedge fund maven’s $64.8 billion Ponzi scheme crumbled, prosecutors said Thursday.
Read moreA man ordered to pay restitution after he was caught with hundreds of child-pornography files on his computer suffered defeat Tuesday at the U.S. Supreme Court.
Read moreThe former owner of Amerifund Capital Finance was sentenced Thursday to eight years in federal prison and $20 million in restitution for a $100 million stock-loan fraud scheme that bilked victims all over the world.
Read moreThe Seventh Circuit issued Bank of America a stinging rebuke, finding it should not recover $893,000 from three convicted fraudsters because its own reckless mortgage lending showed deliberate indifference to the risk of losing the money.
Read moreA Ninth Circuit panel on Monday upheld an $835,000 restitution order for the former CEO of a mining company, who pleaded guilty to conspiracy to commit securities fraud by manipulating his company’s stock to the tune of $28 million.
Read moreA federal court erred in ordering a Bay Area investor to pay $50.3 million in restitution and forfeiture for his role in a Ponzi scheme, the Ninth Circuit ruled.
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