Sentences with phrase «sham transactions»

I'm aware of notes / mortgages owed by immediate family members to other members going both ways, either sham transactions or as valid transactions.

Yes, but there are arm's length issues since he already bought it, now doing something may take off into the land of sham transactions.

If the agent notices anything suspicious, he may disregard your gifts as sham transactions and reclassify them as your assets.

Number two is the hidden bidding up of the shares through sham transactions where related parties buy & sell at progressively higher prices (netting to no loss, aside from commissions) until some speculators see the microcap stock and start driving it higher, possibly supported by promotional paid research.

The ruling marks the second time the high court has rendered an opinion in the case, in which the state is seeking to hold Greenberg accountable for sham transactions at the insurer.

The team has recent successful experience in acting for a client faced with a freezing injunction application in support of an office - holder's claim to set aside an allegedly sham transaction and in acting for clients facing similar actions.

Your birddog still facilitated a real estate transaction without a license, you closed on the deal, then you're putting together a sham transaction to compensate someone.

Not exact matches

The DPA program is designed to circumvent a 3 % down payment requirement in a «sham» transaction.

The DPA program is designed to circumvent a 3 % down payment requirment in a «sham» transaction.

As explained between 1993 and 2005 in the pages of Schiff's Insurance Observer (http://www.insuranceobserver.com/topics/theaigchronicles.php), AIG entered into transactions with nebulous offshore reinsurers, «smoothed» earnings through a variety of tricks, issued deceptive earnings releases, entered into sham reinsurance transactions, engaged in transactions with affiliates that appeared to transfer risk but really didn't, employed financial prestidigitation to turn underwriting losses into capital losses and capital gains into investment income.

Recent cases include: Axiom Litigation Financing Fund (acting for the «receiver / liquidator» of a Caymans Islands fund: # 110m dispute); Frauntled Management Limited v Featherwood ($ 13m investment dispute before the BVI Court of Appeal); BBX Capital Asset Management v Royal Bank of Canada & Ors ($ 30m Cayman dispute relating to transaction to defraud creditors / sham trusts); Trinity Management Group Ltd v Burke Consolidated Ltd (s. 184I / s.175 BVI dispute); Maruti Holdings PTE Limited v Sinclair Strategies Limited (BVI jurisdictional challenge); QVT Fund & Ors v China Zenix Auto International Limited (s. 184I and s184C BVI dispute: interim injunction) In addition, the international nature of commercial fraud often results in Paul advising in relation to proceedings before off - shore courts such as in VTB v Nutritek (advised on interim relief in Cayman Islands and maintenance of BVI injunction in light of UK Supreme Court decisions) and in other off - shore jurisdictions such as Jersey, Guernsey and Nevis.

The types of sham matters targeting lawyers range from collections and commercial loans to real estate and mortgage transactions.

Twelve years later, the firm stands on the brink of collapse after Dreier, the sole equity partner, was arrested for the most desperate (and perverse) kind of innovation: impersonating a lawyer in an attempt to secure tens of millions of dollars in a sham business transaction.

One particularly fertile area for fraud is in the realm of real estate law, where in the past fraudsters have tried to bilk mortgagees and banks (and — by extension — their lawyers) out of hundreds of thousands of dollars through sham real estate transactions and mortgages registered against homes with falsely - inflated prices.

The documents were shams purporting to reflect a commercial transaction which had not occurred.

360 DOS 09 Matter of Depass — associate broker; failure of proof of charge of failure to disclose prior business association and failure to cooperate; conduct as attorney is relevant to determining trustworthiness and competitiveness; amend pleading to conform to proof; failure by account; fraudulent mortgage transactions; sham to refinance; revocation