Sentence examples for assets forfeited from inspiring English sources

But the group handled tens of millions of dollars in assets forfeited in a number of high-profile criminal cases, including that of Marc S. Drier, a lawyer; Samuel Israel III, the Bayou hedge fund founder; and Hassan Nemazee, the Democratic fund-raiser.

An arm of the United States Marshals Service undervalued what could amount to untold millions of dollars in assets forfeited by white-collar criminals — including some from the family of Bernard L. Madoff — and sold them for far less than they were worth, according to a lawsuit filed in federal court in Manhattan.

Further, the trustee's investigation of the Madoff fraud, financed by SIPC, has been instrumental to the convictions in the Madoff criminal cases and to the recovery of assets forfeited to the Government.

The $420,000 for Mohave County comes in the form of a grant funded by assets forfeited during criminal drug prosecutions in joint state and federal cases.

The orders to freeze the accounts restrict the Fastows and others from moving or withdrawing money, but it does not grant the government its request that those assets be forfeited.

It is repaid, 2. The secured assets and forfeited and sold by the lender for the market price, and 3. On the death of the borrower (which is actually 1 0r 2 above depending on the equity).

Regardless, the substitute assets being forfeited don't count toward any penalty or restitution the judge might later impose on the so-called pharma bro.

In July, Federal authorities seized bank accounts belonging to Messrs. Ak, Akkaya and Catalbas, and a Mercedes belonging to Mr. Akkaya, and continue to assert in a civil proceeding that these assets are forfeit because the men violated the cash reporting regulations.

Most states and the federal government allow law enforcement agencies to keep 90percentt or more of the profits from assets they forfeit.

The federal trial ended last month with the convictions of Michael Gilbert, 48, and three Miami associates, as well as an order to seize the Bicycle Club--the single largest asset ever forfeited to the U.S. government.

When U.S. District Judge Norman C. Roettger Jr. ordered the seizure of the Bicycle Club in March--making it the single largest asset ever forfeited to the federal government--he also froze millions of dollars in monthly casino profits to LCP Associates, the partnership named for Lyon, Coyne and Pierson.