Court Bounces Judge Behind 6-Year Contempt Term

Law360, New York (November 28, 2006, 12:00 AM EST) -- A federal appeals court removed the judge overseeing the government’s civil cases against former Princeton Economics International Ltd. Chairman Martin Armstrong on Monday, and ordered a hearing on whether Armstrong actually has the almost $15 million in assets he is allegedly hoarding.

These developments come as Armstrong’s incarceration for civil contempt approaches its seventh year. One of Armstrong’s lawyers has blasted his jail stint as the result of a ploy by prosecutors to give the government leverage to get Armstrong to plead guilty in a related...
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