A federal judge on Tuesday granted a request by prosecutors and Cendant Corp. to depose the company's imprisoned former chairman in an effort to collect $3.2 billion he was ordered to pay in restitution. Walter Forbes was ordered to pay the money last year when he was sentenced to more than 12 years in prison in a massive accounting fraud scandal. The U.S. government and Cendant filed a federal lawsuit last month against Forbes seeking at least $22 million in assets they say he tried to hide.
July 09, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal judge on Tuesday granted a request by prosecutors and Cendant Corp. to depose the company’s imprisoned former chairman in an effort to collect $3.2 billion he was ordered to pay in restitution.
Walter Forbes was ordered to pay the money last year when he was sentenced to more than 12 years in prison in a massive accounting fraud scandal.
Presented by BigVoodoo
This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.
This conference aims to help insurers and litigators better manage complex claims and litigation.
Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.
The United States Court of Appeals for the Tenth Circuit seeks applications for a bankruptcy judgeship in the District of Utah. Bankruptcy ...
Harter Secrest and Emery is seeking a securities and capital markets attorney, senior associate or counsel level, with eight or more years o...
