Home Authors Posts by Bill Heltzel
The government does not say how much money was stolen, but one victim, according to the indictment, lost $800,000.
“This has made it nearly impossible … to obtain financing. It stands to reason that investors and lenders will not be willing to lend money … if there is no purchase agreement in place.”
While many of Thomas’ and James’ alleged actions may have been improper, U.S. District Judge Kenneth M. Karas ruled on Sept. 10, they do not “reflect retaliation.”
Equiti Games of Katonah has sued F50 and managing partner David Cao for $2 million in Westchester Supreme Court, claiming that a contest they sponsored was a sham.
It is foreseeable that the city will fix the flaws and file new charges, Judge Joseph Latwin ruled, “and we will be back soon to deal with the issues.”
The changes are minor, Citi’s attorney stated, but will enable the bank to cash out of the funds by selling them on the secondary market.
“This case boils down to an ownership dispute,” U.S. District Judge Vincent Briccetti said in his Aug. 29 opinion.
The attorney grievance committee that sought the suspension said he had “perverted the administration of justice.”
The developer says it is targeting small life science companies that cannot afford the costs of outfitting expensive labs.
If he were really committed to CNR, he would not have retired in 2016 at age 60; he would have stuck it out and handled the financial problems openly and honestly, Judge Vincent Briccetti said.
“In a well-organized and planned manner in the months leading up to his termination,” the complaint states, Justin Young “surreptitiously helped himself to confidential information, solicited existing customers and suppliers, and remained at (International) for enough time to gain as much information as possible and pass on to (It’s Good Organics).”
Professional Fiduciary Services’s failure to thoroughly analyze the transaction, the complaint states, caused the employee plan to “overpay by tens of millions of dollars above fair market value.”
“The defendant was literally the only person who knew the truth about CNR’s financial condition,” prosecutors state in a sentencing memorandum. “He was the only person who could have initiated a successful effort to save the college."
Three lawsuits filed this week in Westchester Supreme Court suggest that JPR has been short of cash for a while.