Rakoff Puts $360M Transmar Bank Fraud Case On Fast Track

Law360, New York (August 11, 2017, 5:09 PM EDT) -- Transmar Commodity Group Ltd. CEO Peter G. Johnson, his son and a financial executive at the belly-up New Jersey cocoa distributor denied charges Friday that they engaged in a massive $360 million bank fraud, and Manhattan U.S. District Judge Jed S. Rakoff put the case on track for an April trial.

U.S. District Jed S. Rakoff in the Southern District of New York, citing the Speedy Trial Act, prodded the government to hand over its discovery — said to be roughly 1 million documents — by...
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