All posts tagged "Federal Prosecutors"

Trevor Milton, who founded hydrogen-powered truck company Nikola and was sentenced to four years in prison for fraud, has been pardoned by President Donald Trump.

"The pardon came two weeks after federal prosecutors urged District Court Judge Edgardo Ramos to order Milton to pay restitution of $680 million to Nikola shareholders, and another $15.2 million to Peter Hicks, a victim of his wire fraud," CNBC reported. But, "Because of the pardon, Ramos could not order restitution of any kind."

In a press release Thursday, Milton said that there are “striking similarities” between his case “and those brought against President Trump.”...

Federal prosecutors want to seize and sell a $300 million superyacht, arguing the boat belongs to a Russian oligarch with ties to Vladimir Putin, court records show.

The 348-foot Amadea yacht — seized in Fiji last year as Washington heightened sanctions against Russia amid its war with Ukraine — is the subject of a legal complaint filed Monday in a New York federal court.

The U.S. hopes to auction the yacht and send the proceeds to Ukraine, according to a Reuters report. ...

By Julia Edwards

NEW YORK (Reuters) - Federal prosecutors on Thursday unveiled criminal fraud charges against billionaire Steven A. Cohen's SAC Capital Advisors LP, capping a nearly seven-year probe into one of Wall Street's most renowned firms.

The former pastor of an Indiana megachurch who is awaiting sentencing in a sex crimes case told a 17-year-old girl that Jesus wanted her to have sexual relations with him.

DENVER (Reuters) - Federal prosecutors in Colorado launched a crackdown on Thursday against nearly two dozen medical marijuana dispensaries located within 1,000 feet of schools, giving the proprietors 45 days to cease operations or face civil and criminal penalties.