Sentences with phrase «fund on criminal charges»

In a rare and aggressive action, federal authorities on Thursday indicted the fund on criminal charges.

Not exact matches

For example, hedge fund investor Leon Cooperman, who the SEC sued last month for insider trading, has said that federal prosecutors in New Jersey have informed him that they are holding off on pursuing criminal charges until the Supreme Court rules.

NEW YORK (AP)-- The once high - flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $ 1.8 billion deal that prosecutors say included the largest criminal fine ever imposed in an insider trading case.

The criminal complaint charging Seabrook and his fellow defendant, hedge - fund manager Murray Huberfeld, strongly suggests that a witness who is cooperating with the government in the case, Jona S. Rechnitz, could also serve as an important witness in at least one of the fund - raising inquiries centered on NYC Mayor Bill de Blasio.

The charges in part read: «That you Col. Mohammed Sambo Dasuki whilst being National Security Adviser and Shaibu Salisu, whilst being the Director of Finance and Administration in the Office of the National Security Adviser and Hon. Waripamowei Dudafa (now at large) whilst bring Senior Special Assistant, Domestic Affairs to the President on or about 27th November within the jurisdiction of this Honourable Court entrusted with dominion over certain properties to wit: the sum of N10billion being part of the funds in the account of the National Security Adviser with the CBN, the equivalent of which sum you received from the CBN in foreign currencies to wit: $ 47million and $ 5.6 million Euros committed criminal breach of trust in respect of the said property when you claimed to have distributed same to the Peoples Democratic Party (PDP) Presidential Primary Election delegates and you thereby committed an offence punishable under Section 315 of the Penal Code Act, Cap 532, Vol.4, LFN 2004.

The charge against Metuh borders on alleged money laundering, breach of trust and criminal diversion of public funds.

Both Espada and his son also face a separate criminal tax fraud trial in Manhattan federal court on charges that they deliberately misstated their income, filed false returns and intentionally mislabeled personal expenditures utilizing corporate funds as legitimate business expenses.

Nyame, who is standing trial for a 41 - count charge of criminal misappropriation of N1.64 bn state funds, had on January 18, 2017 through his counsel, Charles Edosomwan, SAN, urged the court to «hold that the testimony of prosecution witnesses have been so damaged and can't be relied on», and «the crucial elements are missing in this case».

McMahon says there might even be some positive fallout from the scandal, if the attention on the criminal charges cause New Yorkers to look more closely at Solar City and other publicly funded economic development projects.

The Economic and Financial Crimes Commission, EFCC, on Friday, January 22, 2016 arraigned the duo of Shehu Mustapha, Registrar Litigation, Adamawa State High Court and Barrister Binanu R. Esthon, former Chairman, Nigerian Bar Association, Yola Chapter before Justice B.B Aliyu of Federal High Court sitting in Yola, Adamawa State on a 4 - count charge bordering on conspiracy and criminal diversion of funds to the tune of N60million (sixty million naira).

Ndam is the third witness the Economic and Financial Crimes Commission, EFCC, has brought to testify against the PDP spokesman, who alongside his firm, is answering to a seven - count criminal charge that borders on criminal breach of trust and illegal diversion of public funds to the tune of N400million.

One should also keep in mind that, in some jurisdictions, writing a post dated check and if it were to arrive at the issuing bank earlier than it was dated for, and assuming the account it was drawn on has insufficient funds to pay the full amount, it can be subject to a criminal investigation and possible charges being filed by locale law enforcement.

Legal aid funding is primarily on a block tariff system and a lower level criminal charge that ends with a one - day trial, will result in a total payment of about $ 500 to defence counsel, says Eder.