Prosecutors Seek Jail Time In $8M Agency Fraud Case

Law360, New York (June 8, 2011, 6:28 PM EDT) -- Federal prosecutors asked a California judge on Tuesday to dole out prison terms between three and five years to four defendants who admitted they fraudulently obtained $8 million from the Overseas Private Investment Corp. for a bakery in Estonia.

Government attorneys also asked the judge to order five years' supervised release and to impose a $6.9 million restitution order on Donald Daniels, Martin William Washburn, Tapani Koivunen and Sergei Shkurkin, all of whom struck plea deals in May. The government also asked the court to sentence...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Magistrate judge case number: 


Case Number

3:09-cr-00862

Court

California Northern

Nature of Suit

Date Filed

August 27, 2009

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.