Fund CEO's Alibi Straight Out Of 'Casablanca,' Feds Tell Jury

Law360, New York (July 9, 2019, 5:32 PM EDT) -- A prosecutor likened Premium Point Investments CEO Anilesh "Neil" Ahuja's claim that he didn't know about fraud at his fallen hedge fund to "Casablanca," telling Manhattan jurors Tuesday the alibi is like a scene in the famed film where a corrupt policeman says he is "shocked, shocked" to learn of gambling under his nose.

The comparison came during a full day of closing arguments at Ahuja's fraud trial, which opened June 5 before U.S. District Judge Katherine Polk Failla and is now in its sixth week. The jury was set to begin deliberating charges of conspiracy, securities fraud and wire fraud...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Southern

Nature of Suit

Date Filed

May 7, 2018

Law Firms

Companies

Government Agencies

Judge Analytics