United States v. Peter, No. 11-610 (2d Cir. 2013)
Annotate this CaseDefendant was convicted of charges related to his involvement in a scheme to defraud Chase Bank. At issue in this appeal was the district court's order of forfeiture under 18 U.S.C. 982(a)(2). The court concluded that section 982 required forfeiture of the gross receipts attributable to the criminal violation, not only the profits. The court also concluded that, in light of defendant's near total control over the companies and their assets, defendant "indirectly" obtained the Chase loan proceeds and could be held accountable for criminal forfeiture of those proceeds under section 982. Accordingly, the court affirmed the judgment of the district court.
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