The current sentence of Bernie Madoff almost guarantees that the disgraced financier will spend the rest of his life in prison. The 150 year sentence was recently handed down in the courtroom, while many of the victims were present.
Many of the victims have said that they are happy with the verdict, but it still will not bring back the billions of dollars that were all but stolen from many individuals and organizations from many different backgrounds.
It appears that more individuals will now begin to face charges related to the Ponzi scheme. Those charges are likely to be announced at a later date.
If your business or you needs legal help, contact the Texas business attorneys of Slater, Kennon & Jameson, LLP at 512-472-2431.
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R. Allen Stanford, the man who is being accused of running a multibillion dollar Ponzi scheme that defrauded investors for years, will soon be facing criminal charges after being transferred to Texas. His lawyer has already asked for the civil fraud claims to be thrown out, claiming that they not legally substantiated enough and lacks details .
Stanford is currently in transit to Texas after he was recently arrested in Virginia. Stanford is facing multiple charges for defrauding investors out of money. He faces the possibility of spending many years in jail for his crimes.
If your business or you needs legal help, contact the Texas business attorneys of Slater, Kennon & Jameson, LLP at 512-472-2431.
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Excentus Corp, a privately held company, has recently filed a patent infringement suit against Safeway. This patent infringement suit states that Safety wrongly used patents and other Excentus intellectual property in a gasoline based rewards program.
The suit states that Safeway attempted to acquire the patents, but when that failed it began infringing on them without permission.
The program rewards customers who shop at a grocery chain with free gasoline and other perks as part of a loyalty and rewards program.
If your business or you needs legal help, contact the Texas business attorneys of Slater, Kennon & Jameson, LLP at 512-472-2431.
Tags: Austin Business Law Attorney · Austin Business Lawyer