A federal appeals court recently ruled that an employer was entitled to a former employee’s 401(k) plan funds as restitution for that employee’s embezzlement. However, writes Dan Morgan of Blank Rome, the court failed to acknowledge IRS guidance and case law regarding withholding and e...
South Carolina Residents Ordered to Pay $50,000 Fine and More Than $400,000 in Restitution Following Their Conviction in “Rent-A-Vet” Construction Fraud Scheme Targeting the United States Department of Veterans Affairs.(August 16, 2024) ...
Sentinel also argues that OTS exceeded its authority by ordering restitution. The statute expressly authorizes OTS "to require the creditor to make an adjustment to the account of the person to whom credit was extended, to assure that such person will not be required to pay a finance charge in...
Some of the major financial market phenomena that have been identified as posing systemic risk include liquidity problems; “too big to fail” or “systemically important” firms; the cycle of rising leverage followed by rapid deleverage; weaknesses in payment, settlement, and clearing systems; and ...
If convicted charges can carry penalty ranges of five (5) to thirty (30) years in prison sentence, significant fines, and restitution.Federal Ponzi schemes, named for infamous Boston swindler Charles Ponzi, are “an investment scheme that involves the payment of purported returns to existing ...