Sentences with phrase «forfeited assets»

Assets seized by the anti-graft agency are kept in its custody while investigations or prosecution of offenders are ongoing and become forfeited assets after the agency secures a favourable court judgement.

South Korea's Financial Services Commission has not named any of the raided exchanges, but has stated «It is difficult to indicate the specific amount of forfeited assets at this point.»

The forfeited assets would then be paid out to a charity of the trustee's choosing dedicated to the alleviation of disease and poverty in the developing world, according to the plan.

Borrowers who fail to repay their loan forfeit their assets.

The director or officer should also be required to forfeit any assets he obtained or pay the company the current market value of such assets.

The US Federal Trade Commission (FTC) has settled with a collective of tech support scammers, who were forced to forfeit assets valued at nearly $ 6 million.

He said the nation's workers would like to see a nation where public office holders forfeit assets they refused to declare.

As part of their sentences, however, federal judges ordered the two men to pay restitution and forfeit assets.

When you agree to the terms of these loans, you are agreeing to forfeit the asset to the lender if you fail to repay the loan.

You can sell assets to raise the money (you'd probably be forced to forfeit these assets when you file anyways), or you can try your friends or relatives.

US law provides mechanisms through which the DOJ and SEC may obtain court orders to freeze, seize and forfeit assets in connection with criminal and civil proceedings.

Not exact matches

However, the option seller forfeits the upside potential of the asset and is obligated to sell the asset Read more -LSB-...]

If they can not explain it, these assets may be forfeited to the state under the doctrine of unexplained enrichment.

Users deemed to have engaged in fraudulent behavior or attempted fraudulent behavior forfeit any potential refunds of their assets or digital currency.

Be careful though, if you default on the loan you'll be forfeiting that asset you used as collateral.

He further stated that the bill seeks «the recovery, forfeiture or confiscation of property in respect of offences, the restraining of dealings in property or the freezing of assets that may be recovered, forfeited or confiscated in respect of offences.»

It would change the state constitution — which treats public pensions like contracts that can't be impaired — to allow a judge to demand that a «public official» who is «convicted of a felony related to public office» forfeit his or her pension like any other asset.

Silver was sentenced by a different federal judge, Valerie Caproni, who fined Silver $ 1.75 million and ordered him to forfeit another $ 5.39 million in assets.

Skelos was also fined $ 500,000 - far more than federal sentencing guidelines recommended - and the judge ordered Skelos and his son to jointly forfeit another $ 334,120 in assets.

He noted that the plea by the Lagos State Government that the assets should be forfeited to the state rather than the Federal Government since the funds allegedly diverted belonged to the state.

On Wednesday, the New York Appeals Court said it agreed with Bharara and ruled that Stevenson's pension should be considered an asset that could be tapped toward the $ 22,000 in ill - gotten gains he was ordered to forfeit.

The application also sought «an order authorising the EFCC to appoint a competent person (s) / firm to manage the asset / property listed in the schedule herein, temporarily forfeited to the Federal Government pending the conclusion of investigation.»

Silver was ordered to forfeit $ 5.18 million in assets and fined an additional $ 1.75 million.

A sole proprietor's personal assets are not protected and can be seized / forfeited to cover any debts of a failed company.

Collateralized loans guarantee that a physical asset will be forfeited to the lender if a consumer is unable or unwilling to repay their debt.

Secured Loans - Think of it this way — if you don't repay the borrowed money, you will forfeit some valuable asset, such as your home or automobile.

It's also a smart choice if you don't have many assets — since those may need to be forfeited if they're sufficiently valuable.

However, if you «commingle» these rollover assets in this account with other IRA assets, you could forfeit the right to make the subsequent rollover into an employer plan.

However, the option seller forfeits the upside potential of the asset and is obligated to sell the asset Read more -LSB-...]

Be careful though, if you default on the loan you'll be forfeiting that asset you used as collateral.

Although there are instances when assets are forfeited, a qualified bankruptcy attorney in Cheektowaga will work on your behalf to salvage as much as possible.

Don't use an asset as collateral unless you are absolutely certain you can repay the loan — or you are willing to forfeit whatever you use as collateral.

If RICO were fairly applied, both major political parties would have their assets forfeited.

If one person in the marriage is proven to be unfaithful at any point in time, their prenuptial agreement can state that their share of the marriage's assets is forfeited.

Example: Accident happens and a lawsuit is judged against your LLC, only assets inside that LLC could be forfeited in settlement.