United States Second Circuit

Following defendant's convictions related to a scheme to defraud a bank, the district court's order of forfeiture is affirmed, where: 1) 18 U.S.C. section 982(a)(2) requires forfeiture of the gross receipts of the criminal violation, not only the profits; and 2) in light of his almost total control over the companies involved in the violation and their assets, the defendant "indirectly" obtained the proceeds of the fraud through the companies and can therefore be held accountable for criminal forfeiture of those proceeds pursuant to section 982.

Appellate Information

• Decided 10/09/2013
• Published 10/09/2013

Judges

• SACK

Court

• United States Second Circuit

Counsel