REUTERS/Jonathan Ernst/File Photo
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SCOTUS turned away New York lawyer Evan Greebel’s appeal of a lower court’s ruling that prosecutors could tap into two of his retirement accounts to help satisfy a $10.4 million judgment owed to victims of a scheme involving former pharmaceutical executive Martin Shkreli.
Lawyers for Greebel, a former partner at Katten Muchin Rosenman, argued that a federal law “provides that no more than 25% of an individual’s ‘earnings’ may be garnished in most federal and state garnishment proceedings” including those involving mandatory victim restitution.
Prosecutors said Greebel is not an “honest debtor” subject to the Consumer Credit Protection Act but instead “a convicted criminal who owes over $10 million dollars to his victims.”
Greebel, who was outside counsel for Shkreli-founded Retrophin Inc, was sentenced in 2018 to 18 months in prison for helping Shkreli bilk investors at the drug company now known as Travere Therapeutics Inc.
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U.S. prosecutors on Monday said they opposed a motion by former cryptocurrency billionaire Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers to plug losses at his hedge fund.
On May 8, Bankman-Fried had urged U.S. District Judge Lewis Kaplan to dismiss most of the counts of fraud, conspiracy, making illegal campaign contributions and foreign bribery, saying prosecutors charged him in a “rush to judgment” after several prominent crypto companies went bankrupt in 2022.
In a filing late Monday, prosecutors with the U.S. Attorney’s office in Manhattan described Bankman-Fried’s motions as “meritless.”
“The defendant’s alleged misconduct falls within the heartland of what these statutes prohibit,” prosecutors wrote. Kaplan will hear oral arguments on June 15.
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