High Court Lets Fraudster Off Hook For GE's $5M Legal Fees

Law360 (May 29, 2018, 1:10 PM EDT) -- The U.S. Supreme Court ruled Tuesday that a victims’ restitution law is limited to expenses during the government’s investigation and prosecution of an offense — and not for private legal, expert and consulting fees — allowing a former trucking company CEO who defrauded General Electric Capital Corp. to avoid covering GE’s $5 million legal fees.

The justices reversed a decision that upheld a restitution order sticking former USA Dry Van Logistics CEO Sergio Fernando Lagos with legal bills that GE Capital incurred. (AP) In a unanimous ruling, the justices determined that the Mandatory Victims Restitution Act of 1996 only allows courts...

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