‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInMathew Martoma’s Wife Fights to Keep Couple’s Florida Home, Millions in Cash | Compliance Week
Mathew Martoma will begin serving his nine year prison term for insider trading next month, but his wife is now challenging an accompanying $9.4 million forfeiture order. Rosemary Martoma asked the court this week to allow her to keep her share of the couple’s assets–including a $2.2 million home in Boca Raton, Florida and approximately […]
Martoma faces loss of home, millions in forfeiture — USA Today
Mathew Martoma’s criminal insider-trading conviction means the former SAC Capital Portfolio manager not only faces prison, but could forfeit his family’s luxury Florida home and millions of dollars in bank accounts. via Martoma faces loss of home, millions in forfeiture — USA Today
SAC Seen Avoiding $14 Billion Death Penalty From U.S. – Bloomberg
The money-laundering complaint U.S. Attorney Preet Bharara filed against Steven Cohen’s SAC Capital Advisors LP raised the prospect that the hedge fund’s $14 billion in assets may be subject to forfeiture…. Bharara seeks forfeiture of “all right, title and interest” in all of SAC’s assets, should he prove his money-laundering case. Rulings interpreting the statute, […]
R. Allen Stanford must forfeit $330 million in 29 bank accounts held outside the United States
Jury decides that Stanford must forfeit $330 million in 29 bank accounts held outside the U.S.