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KATHMANDU, Feb 24: After a number of microfinance institutions (MFIs) were found exploiting their customers by slapping exorbitant interest rates, NRB has enforced stringent policies for the sector.
U.S. Court of Appeals for the 4th Circuit Criminal; civil contempt: Where the defendant argued the wire fraud convictions for her role in a $100 million fraud scheme should be vacated because the scheme was devised and carried out in Israel, her argument was rejected. The statute’s focus is on the use of the wire—not ...
Client Protection Fund validly rejected man’s request to be reimbursed for the $2.6 million an attorney bilked from escrow account, Maryland appeals court says.
LYNCHBURG â A former Lynchburg-area estate planning attorney and prosecutor pleaded guilty Friday in federal court to fraudulently wiring money from her elderly clients. Cherie Anne Washburn, 45, of Lynchburg, was charged with 13 total crimes in the U.S. District Court for the Western District of Virginia in an October indictment. In exchange for Washburnâs pleas to two counts of wire fraud and one count of making a false statement to a mortgage lender, prosecutors agreed to drop 10 of the charges against her. The charges stem from a scheme against two of her clients where, using Wa...
Thomas McCarthy Jr. was stripped of his law license by the Maryland Court of Appeals on May 27.