ALBANY — After 13 years of litigation and appeals in one of the largest fraud cases ever brought againsta financial planning firm, an appellate court yesterday reinstated grandlarceny and fraud convictions of the president and two officers of theFirst Meridian Planning Corporation.
The Albany-based firm andits officials were found guilty at trial of defrauding more than 800 investorsin four states by inducing them to invest more than $64 million in overvaluedcoin portfolios, contemporary art and condominiums in Florida and Indianabefore then State Attorney General Robert Abrams shut down their operationin 1986.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]