BofA, Others’ Payback Claims Survive In $50M Cop Fraud

Law360, New York (August 3, 2011, 4:36 PM EDT) -- The U.S. lost a bid Tuesday to dismiss attempts by Bank of America NA, its underwriters and others to recover portions of nearly $19.3 million seized from an ex-New York City police sergeant convicted of stealing $50 million from banks through a cash transfer business.

The ruling focused on petitions by Bank of America, underwriters including XL Specialty Insurance Co. and several other parties lodged in New York federal court in December seeking to recover $15.7 million of the $19.3 million seized from former police Sgt....
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Magistrate judge case number: 


Case Number

1:10-cr-00191

Court

New York Southern

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Date Filed

March 10, 2010

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