Court Rules Bank Owns Tax Evaders' $50M Fla. Properties

Law360, Chicago (June 1, 2012, 7:51 PM EDT) -- A Florida appeals court on Wednesday upheld a judgment against a pair of convicted tax evaders and others, clearing a major hurdle in a French bank's plan to recover roughly $50 million from real estate the duo allegedly bought with misappropriated loan proceeds.

The state appeals court upheld a lower court's order granting French bank CDR Creances SAS' bid to strike the pleadings of Maurice Cohen, his son Leon, his wife Sonia and 34 Florida corporations they own or control and enter a default judgment based...
To view the full article, register now.