Wife Can't Block Seizure Of Fraudster's Accounts: 2nd Circ.

Law360, Washington (November 22, 2013, 8:31 PM EST) -- The Second Circuit on Friday affirmed that the wife of Eric Butler, the former Credit Suisse Group Inc. broker convicted for his role in a $1.1 billion securities fraud scheme, cannot block the government from seizing accounts held in his name, despite her claim to part of the accounts.

The three-judge panel found that U.S District Judge Jack B. Weinstein had correctly denied Elizabeth Butler an injunction to block the government from seizing accounts in her husband’s name to pay off $5.25 million in fines and...
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