Tax Evaders' Appeal Granted In $186M Flatotel Loan Case

Law360, New York (June 25, 2013, 3:42 PM EDT) -- The New York Court of Appeals agreed Tuesday to hear an appeal of a $186 million default judgment against two convicted tax evaders and others for allegedly defrauding a French bank on a loan to develop a Manhattan hotel.

A five-judge Appellate Division panel in December upheld a lower judge's 2011 ruling entering default judgment against Maurice Cohen, his son Leon and others who worked for them, ruling that the defendants attempted to perpetrate a fraud on the court.

New York Supreme Court Judge Peter O....
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