United States v. Livecchi, No. 09-1979 (2d Cir. 2013)
Annotate this CaseLivecchi appealed from an amended judgment of the district court following partial summary judgment in favor of the government's equity-skimming claim (Livecchi I), and a subsequent bench trial rejecting Levecchi's counterclaim for recoupment and granting the government's application for double damages and prejudgment interest (Levecchi II). The court concluded that Livecchi's interpretation of the equity-skimming statute was inconsistent with the statute's clear purpose; the government's authority to foreclose on a HUD-insured mortgage could not preclude the government from subsequently recovering assets or rental income retained in violation of a related regulatory agreement; as for the limitations period, Levecchi failed to establish that HUD had any knowledge of his equity skimming prior to August 21, 2000, the date HUD first acquired Levecchi's financial records; and therefore, the court affirmed the amended judgment in all respects.
Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.