2nd Circuit Upholds Jailing Financier for Contempt

More than two years after he was jailed for civil contempt, financier Martin Armstrong still can't find a sympathetic ear at the 2nd U.S. Circuit Court of Appeals. The court ruled Monday that a federal judge in New York has the discretion to keep Armstrong behind bars until he produces millions of dollars in assets needed to help repay defrauded Japanese corporate investors.

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