Inyx Fraudster Seeks New Trial Over Jury Instructions 'Error'

By Nathan Hale (October 6, 2021, 5:38 PM EDT) -- A former medical device company executive serving a 30-year sentence for orchestrating a $100 million loan fraud scheme that federal prosecutors said sunk one of Puerto Rico's largest banks argued Wednesday that improper jury instructions deprived him of a fair trial, arguing for a new one.

During oral arguments held before the Eleventh Circuit in Miami, counsel for former Inyx Inc. CEO Jack Kachkar said the trial court erred when it rejected his proposed instructions requiring a finding of intent to harm Westernbank Puerto Rico to find him guilty of wire fraud, instead telling told jurors it was enough just to...

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