Sentences with phrase «first alleged scheme»

Not exact matches

This was the first ruling by a federal court to confirm the CFTC's determination in 2015 that cryptos are commodities under the Commodity Exchange Act, that it can regulate them, and that it can pursue those it alleges to have engaged in fraud and manipulation schemes on crypto exchanges.

Regulators alleged that divisional managers at investment firm Credit Suisse First Boston participated in a «pervasive» scheme to siphon tens of millions of dollars of their customers» trading profits during the Internet boom of 1999 and early 2000 by demanding excessive trading fees.

Percoco, the key figure in the first of the two alleged schemes, was described in the complaint as a close confidant of the Cuomo family, sometimes referred to as Mario Cuomo's «third son,» who controlled access to Andrew as his executive deputy secretary.

Prosecutors took the first full day of testimony in the corruption trial of Sheldon Silver to lay out one of two bribery and kickback schemes they allege the former Assembly speaker undertook.

The Republican senators have been fairly disciplined in the weeks since news reports first described the alleged scheme, unlike the state Assembly, where internal divisions weighed on the majority Democrats earlier this year as they grappled with the reported investigation and eventual arrest of former speaker Sheldon Silver.

That year, prosecutors alleged, the first bribe scheme began not long after Percoco, who had been a member of Cuomo's tiny inner circle, had dinner at a Connecticut restaurant with Peter Galbraith Kelly, an executive with an energy company that at the time was trying to build a gas - fueled power plant in Orange County.

At the end of their first week of witnesses, federal prosecutors sought to refocus attention on Silver as they continued to create a portrait of a powerful political figure whose greed they allege led to multiple corruption schemes.

Howe, 57, a cooperating witness on his first day on the stand in Manhattan federal court, laid out how he came to be the linchpin of an alleged scheme by two clients to pay more than $ 300,000 in bribes to Percoco — referred to by them in code as «zitti» — to buy influence for an energy company and a Syracuse developer.

By getting out ahead of its competitors and grabbing immunity first, Loblaw Companies Ltd. has managed to out outwit and outplay its grocery rivals in an alleged bread price - fixing scheme, say competition lawyers watching the drama play out.

She assisted the FCA team, in the preparation of the first litigated landbanking trial, heard in the High Court Chancery Division; it was alleged that the defendants breached FSMA 2000 regulations in operating an unauthorised collective investment scheme, FSA v Asset Land & Others (2012).