Daily News | Judge balks at holding Par Funding owners in contempt
saying that Par defrauded 1,200 investors who sunk $540 million into the enterprise by misleading them about LaForte’s criminal record involving fraud and Par’s reckless business practices.
Stumphauzer said they pulled this off by deceiving merchant borrowers who still owed money to Par Funding into switching their loan payments to intermediate firms, rather than to the receiver. The money, sometimes after circuitous trips through the bank accounts of various firms, ended up paying the couple’s teams of defense lawyers and accountants, the receiver said.
In addition to the civil case, the FBI has been conducting a criminal investigation of Par Funding, one that a lawyer for LaForte has said likely would lead to his prosecution on charges that could include fraud and extortion. Last week, a reputed organized crime associate, Renato “Gino” Gioe,The hearing Monday was one of two critical sessions scheduled for this week in the high-stakes lawsuit brought by the U.S. Securities and Exchange Commission.
Alfano and Kolaya obtained a deposition last week from a person deeply involved in the money transfers that had seemed to bolster their case going into Monday’s hearing.as given to lawyers for LaForte and McElhone only two weeks earlier. In that declaration, he said he had lent up to $3 million to LaForte’s younger brother, James, to pay for the couple’s legal bills because he was a friend of the brother.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Judge won’t throw out Alabama teen’s confession to killing 5 family membersAt a hearing last week, Mason Sisk’s defense team asked the judge to throw out the confession, arguing that the sheriff’s office should not have detained the teen for two hours before reading him his rights.
Lire la suite »
Judge, Yankees start with 7 straight hits, rout Kluber, RaysLeadoff man Aaron Judge singled twice during a six-run first inning off Corey Kluber as the Yankees started with seven straight hits for the first time since 1990 and routed the Rays on Saturday.
Lire la suite »
Judge likens suspension legal battle to ‘second job’ as Texas Supreme Court considers his removalJudge Franklin Bynum, addressing the years-long attempt to have him removed from the bench, argues that his actions in court do not merit the same fate given to very few in the Texas judicial system.
Lire la suite »
Aaron Judge home run watch: Tracking the Yankees slugger in 2022Can Aaron Judge catch Roger Maris and the American League single-season record for home runs? Here's an updated look at his progress and remaining schedule:
Lire la suite »
Judge dismisses Trump's lawsuit against Clinton, FBIA federal judge in Florida has dismissed former President Donald Trump's lawsuit against former first lady Hillary Clinton and former top FBI officials, calling it a '200-page political manifesto.'
Lire la suite »
Judge Cannon helping Trump enablers pretend 'everything's fine': Mary Trump'This is what happens time after time,' the former president's niece said. 'If it were that bad, something would have happened already, wouldn't it have?'
Lire la suite »