Jordan D. Maglich
90-Year Prison Sentence For Florida Man Convicted of $2.7 Million Ponzi Scheme

A Florida man received a 90-year prison sentence for running a $2.7 million Ponzi scheme - a sentence believed to be one of the longest in history in Ponzi scheme jurisprudence. James Jackson Jr., 48, received three 30-year sentences, to be served consecutively...

Real Law Editorial Team
Special Edition: The Banking Law Journal Marks 125 Years of Continuous Publication

Thomas B. Paton saw an opportunity, and seized it. In 1889, after five years as an editor with Rhode’s Journal of Banking , he looked upon a landscape of evolving legal and regulatory issues that affected the banking industry and realized there...

Tags: banking law
Mona Shah & Yi Song
September 10, 2014 USCIS EB-5 Stakeholder Meeting Summary

The EB-5 Stakeholder’s Meeting held on September 10, 2014, in Washington, DC., was the first EB-5 Stakeholder’s Meeting following the State Department’s critical announcement last month, relating to the unavailability of current visas...

Tags: EB-5 program
Jordan D. Maglich
Hedge Fund Managers Sentenced For $40 Million Ponzi Scheme

Three former hedge fund managers were sentenced to federal prison for their role in a $40 million Ponzi scheme that was previously characterized by a U.S. District Judge as the "the worst financial crime in this district in memory." Jeffrey...

Dykema
Interagency Guidance Regarding Unfair or Deceptive Credit Practices

by Robert Hugh Ellis Several regulatory agencies have jointly issued guidance to banks, saving associations, and Federal credit unions concerning the repeal of consumer protection regulations promulgated under the FTC Act. The Board of Governors of...

Jordan D. Maglich
Life Sentence For Ponzi Schemer Convicted of Triple Homicide

In a story perhaps more suited for a movie screen, a California man received a life sentence after a mandatory DNA sample from a 2008 Ponzi scheme conviction tied him to a previously-unsolved triple homicide. Robin Kyo Cho, 55, received the sentence this...