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USA v. Shabudin et al
Case Number:
4:11-cr-00664
Court:
Nature of Suit:
Judge:
Firms
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March 01, 2018
Judge Swats Down Bid For Restitution From Ex-UCB Exec
A California federal court ruled Thursday it would not order a convicted former United Commercial Bank executive to pay back the salaries he and his alleged co-conspirators earned at the since-failed enterprise, denying the government's bid for a $7.5 million restitution order.
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November 10, 2015
Ex-UCB Executive Slapped With $946M Restitution
A California federal judge on Monday ordered former United Commercial Bank Chief Operating Officer Ebrahim Shabudin to pay nearly $950 million in restitution to the Federal Deposit Insurance Corp. and the Troubled Asset Relief Program for his role in illegal practices that led to the bank's collapse.
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October 07, 2015
Ex-UCB Exec Can't Deny He Caused $950M Loss, Feds Say
The U.S. government again made its case that a convicted former United Commercial Bank executive must repay nearly $950 million to the Federal Deposit Insurance Corp. and the Troubled Asset Relief Program over his role in the bank's failure, firing back at his claim that he isn't liable for the collapse.
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September 16, 2015
Feds Want Ex-UCB Exec To Repay $950M To FDIC, TARP
Federal prosecutors on Tuesday said that a former top United Commercial Bank executive who has already been convicted of fraud for his role in that bank’s failure should pay nearly $950 million in restitution payments to two government agencies.
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September 01, 2015
Ex-UCB Exec Gets 8 Years, $17M Fine For Securities Fraud
A former United Commercial Bank executive was sentenced by a California federal judge Monday to more than eight years in prison and fined nearly $17 million for his role in a securities fraud case that caused the country's ninth-largest bank failure since 2007 and ultimately cost taxpayers and the federal government $1.1 billion.
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July 01, 2015
Ex-UCB Exec Convicted Of $1B Fraud Denied New Trial
A California federal judge on Tuesday denied United Commercial Bank's former chief operating officer's requests for acquittal and a new trial, reaffirming his securities fraud conviction in a scheme that cost taxpayers and the U.S. government $1.1 billion.
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April 27, 2015
Feds Slam Convicted Ex-UCB Exec's Bid For Release
Federal prosecutors on Friday blasted the defense's request to free United Commercial Bank's former chief operating officer, who is facing a possible life sentence after being convicted of securities fraud in a scheme that cost taxpayers and the U.S. government $1.1 billion.
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April 09, 2015
Convicted Ex-UCB Exec. Seeks Acquittal In $1.1B Fraud Case
The former chief operating officer of United Commercial Bank, who was found guilty of conspiracy and securities fraud in a scheme that allegedly cost taxpayers and the government $1.1 billion, on Wednesday asked the California federal judge who oversaw his trial to acquit him or grant him a new trial.
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March 25, 2015
Jury Convicts Former UCB Exec. Of $1.1B Securities Fraud
A California federal jury on Wednesday found the former chief operating officer of United Commercial Bank guilty of securities fraud in connection with a fraud scheme that allegedly cost the Federal Deposit Insurance Corp. and taxpayers $1.1 billion.
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February 19, 2015
UCB Exec Told Workers To Fudge Debt In $1B Fraud, Jury Told
Former United Commercial Bank Chief Operating Officer Ebrahim Shabudin told colleagues to downplay the bank's loan losses but not consider it fraud, a California federal jury heard Thursday in Shabudin's criminal trial over a fraud scheme that allegedly cost the Federal Deposit Insurance Corp. and taxpayers $1.1 billion.