2nd Circ. Renews Forfeiture Challenge In $21M Fraud Case

Law360, New York (May 4, 2015, 3:48 PM EDT) -- The Second Circuit ordered a New York federal court Monday to consider allowing payment of legal fees from a bank account that had been seized by federal prosecutors, saying the billing law firm could have been unaware that an account connected to its client's conviction in a $21 million bank fraud was eligible for seizure.

Former GDC Acquisitions LLC CFO Rodney Watts was one of three GDC executives indicted in August 2010 for bank fraud, conspiracy and making false statements for his role in the alleged scheme to falsify statements in order to get Amalgamated Bank to lend $21 million to GDC’s...

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Appellate - 2nd Circuit

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March 12, 2013

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