United States Second Circuit
US x rel. O'Donnell v. Countrywide Home Loans, Inc., 15-496
In a suit arising from the sale of mortgages to government-sponsored entities, in which defendants were found liable under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 for mail or wire fraud affecting a federally insured financial institution, the District Court's imposition of penalties is reversed where the proof at trial is insufficient under the mail and wire fraud statutes as a matter of law.
Appellate Information
- Published 2016/05/23
Judges
- WESLEY
Court
- United States Second Circuit