United States Second Circuit

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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

  • Decided
  • Published 2016/05/23

Judges

  • WESLEY

Court

  • United States Second Circuit

Counsel