Judge Releases Some McGinn Assets For Criminal Defense

Law360, New York (April 5, 2012, 6:44 PM EDT) -- A New York federal judge on Wednesday allowed the alleged perpetrators of a $136 million securities fraud at McGinn Smith & Co. to unfreeze some of their assets to pay for a separate criminal trial against them, as long as those assets were not proceeds of illegal activity.

Brokerage founders Timothy McGinn's and David Smith's motion to gain access to their assets to cover an estimated $300,000 each in attorneys' fees in the pending case against them was granted in part, but Smith and his wife...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. McGinn, Smith & Co, Inc. et al

Case Number



New York Northern

Nature of Suit



Gary L. Sharpe

Date Filed

April 20, 2010

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.