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Forfeiture

All articles tagged with #forfeiture

Federal Grand Jury Indicts SPLC Over Alleged Donor Fraud Linked to Extremist Groups
crime1 month ago

Federal Grand Jury Indicts SPLC Over Alleged Donor Fraud Linked to Extremist Groups

A federal grand jury indicted the Southern Poverty Law Center on 11 counts, including wire fraud, false statements to a federally insured bank, and conspiracy to commit concealment money laundering, alleging the nonprofit diverted more than $3 million in donations to individuals tied to violent extremist groups via fictitious entities and concealed the transfers; the case seeks forfeiture of the ill-gotten gains.

via Department of Justice (.gov)|
#crime#forfeiture#indictment
entertainment1 year ago

BAFTA Introduces Rule to Revoke Awards for Criminal Convictions

BAFTA has introduced a new rule allowing it to strip future winners of their awards if they are convicted of serious crimes or proven dishonesty, starting in 2025. This decision follows the conviction of former BBC News host Huw Edwards for child pornography offenses. The rule will apply to competitive awards, while honorary awards can already be revoked. BAFTA chair Sara Putt emphasized the complexity of the issue and noted that the criteria will not be applied retrospectively.

via Hollywood Reporter|
#awards#bafta#crime
Judge Orders Marilyn Mosby to Forfeit Florida Condo Before Sentencing
legal2 years ago

Judge Orders Marilyn Mosby to Forfeit Florida Condo Before Sentencing

A federal judge has ordered former Baltimore City State's Attorney Marilyn Mosby to forfeit her Florida condo after being found guilty of perjury and mortgage fraud. Mosby, who rented out the condo for additional income, must forfeit 90% of the proceeds to the federal government. The judge ruled that Mosby obtained the mortgage through a false gift letter, funneling $5,000 to her husband's account. Her sentencing began Thursday morning.

via CBS News|
#forfeiture#legal#marilyn-mosby
"Sam Bankman-Fried Faces 25-Year Prison Sentence and $11 Billion Repayment"
business2 years ago

"Sam Bankman-Fried Faces 25-Year Prison Sentence and $11 Billion Repayment"

A federal judge has ordered Sam Bankman-Fried to repay over $11 billion for defrauding customers and investors in his failed crypto exchange FTX, a sum that experts believe will financially incapacitate him for life. Unlike restitution, the money from forfeiture goes to the government, and it's uncertain how much Bankman-Fried is currently worth. The government could pursue him for money and assets indefinitely, and determining compensation for victims could be a lengthy process, as seen in previous white-collar crime cases.

via CNN|
#business#cryptocurrency#forfeiture
Prosecution Targets Sam Bankman-Fried's Jets for Forfeiture
legalfinance2 years ago

Prosecution Targets Sam Bankman-Fried's Jets for Forfeiture

The U.S. Department of Justice has filed a document stating that the two luxury jets purchased by former FTX CEO Sam Bankman-Fried are subject to forfeiture due to charges brought against him. The government argues that the aircraft were purchased with fraudulent funds, while FTX claims the loans used for the purchases were not documented. Bankman-Fried is currently standing trial for multiple charges related to the fall of FTX, with the prosecution portraying him as deliberately deceiving customers and investors, while his defense argues he is a young entrepreneur whose plans didn't work out.

via Cointelegraph|
#forfeiture#ftx#legalfinance
Fishermen Sentenced to Jail for Cheating in Tournaments.
crime3 years ago

Fishermen Sentenced to Jail for Cheating in Tournaments.

Two fishermen who cheated in an Ohio fishing tournament by stuffing fish with lead weights and fillets have been sentenced to ten-day jail terms and forfeiture of a $100,000 boat. They also agreed to three-year suspensions of their fishing licenses and must pay a $2,500 fine. Half the fine will be waived if they each make a $1,250 donation to a nonprofit organization that promotes fishing with children. The men were investigated for cheating in a different walleye tournament earlier in the year, but there was not enough evidence to charge them.

via NBC News|
#cheating#crime#fishing-tournament
Ohio Fishermen Sentenced to Jail and Boat Forfeiture for Cheating in Walleye Tournament
crime3 years ago

Ohio Fishermen Sentenced to Jail and Boat Forfeiture for Cheating in Walleye Tournament

Two fishermen who cheated in an Ohio fishing tournament by stuffing fish with lead weights and fillets have been sentenced to ten-day jail terms and forfeiture of a $100,000 boat. They pleaded guilty to cheating and unlawful ownership of wild animals and agreed to three-year suspensions of their fishing licenses. They will also serve a year and a half on probation and pay a $2,500 fine. Half the fine will be waived if they each make a $1,250 donation to a nonprofit organization that promotes fishing with children.

via ABC News|
#cheating#crime#fishing
Jeff Shell loses $43 million payout after being fired from NBCUniversal.
business3 years ago

Jeff Shell loses $43 million payout after being fired from NBCUniversal.

Former NBCUniversal CEO Jeff Shell forfeited $43 million in compensation for 2022 after being fired for cause due to an investigation for "inappropriate conduct" and "sexual harassment" of an employee. He will only receive his accrued but unpaid base salary, vested employee benefits, and reimbursement for any unreimbursed business expenses. Shell's compensation for last year included $2.5 million in base pay and a $7.5 million cash bonus. The forfeited compensation includes unvested stock and option awards valued at $10.8 million and unvested stock awards granted in previous years.

via Deadline|
#business#compensation#forfeiture
Supreme Court to Decide Property Rights Cases Involving Taxes and Seizures.
law3 years ago

Supreme Court to Decide Property Rights Cases Involving Taxes and Seizures.

The US Supreme Court is hearing arguments in a case involving a 94-year-old woman whose condominium was seized by Hennepin County for failure to pay property taxes. The case raises questions about the way at least a dozen states handle the sale of homes to pay off overdue taxes. The woman's lawyer argues that keeping the excess from the sale is unconstitutional, while the county argues that it doesn't make a profit and that homeowners have ways to avoid forfeiture. This is the first time the Supreme Court has directly considered whether a property tax forfeiture can be considered a taking under the Constitution.

via NPR|
#forfeiture#government#law
sports3 years ago

SEC Considers Harsh Penalties for Field Storming Fans

The SEC is considering the forfeiture of future home games as a punishment for field storming incidents, following a committee formed by Commissioner Greg Sankey to prevent further incidents. The league currently fines schools for field storming, but the committee believes that this is not enough to prevent such incidents. The committee will present their ideas to the other 11 athletic directors before they meet for Spring meetings, but it is unlikely that the forfeiture of games will make it past a talking point.

via OutKick |
#field-storming#forfeiture#greg-sankey