Convicted Ponzi Schemer Loses Appeal In 2nd Circ.

Law360, New York (November 19, 2012, 7:14 PM EST) -- The Second Circuit has denied convicted Ponzi schemer Philip Barry's move to toss his 34 fraud convictions over alleged evidentiary errors during trial, finding that the evidence at issue didn't substantially influence the jury, according to a summary order filed Monday.

A three-judge panel found that an abundance of other damning evidence pointing to Barry's guilt rendered it unnecessary for the appeals court to address his challenge to the admission of testimony by certain former investors he said wasn't relevant to proving fraud. Barry was sentenced...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Magistrate judge case number: 


Case Number

1:09-cr-00833

Court

New York Eastern

Nature of Suit

Date Filed

December 10, 2009

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.