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Saturday, April 10, 2021
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This week in federal court in Brooklyn, Michael Hlady of East Greenwich pleaded guilty before United States Chief District Court Judge Margo K. Brodie to conspiring to extort a startup company for millions of dollars in the cryptocurrency Ether (ETH).
When sentenced, Hlady faces up to 20 years in prison, as well as a fine. Hlady also goes by the name Michael Peters.
“Hlady and his co-conspirator used strong-arm tactics to shake down a startup company of cryptocurrency and will now face punishment just like anyone else who extorts a business,” stated Acting United States Attorney Lesko. “This Office and its law enforcement partners are committed to protecting businesses from extortion in whatever manner it is perpetrated.”
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The U.S. Court of Appeals for the Third Circuit recently became
the first circuit court to address the question of whether a
corporate parent can set off an obligation that it owes to a
bankrupt company against a claim owed by such company to the
parent s subsidiary. A couple of years ago, in the chapter 11
case of
Orexigen Therapeutics in the District of Delaware,
former Bankruptcy Judge Kevin Gross denied a motion to allow such a triangular setoff. Last month, the Third Circuit
Detroit News: The description of the way a killer walked sent Larry D. Smith to prison for a murder he and his attorney say he didn’t commit.
On Thursday, Smith, 45, of Detroit, will be formally freed from his first-degree murder conviction by a Wayne County Circuit judge, county Prosecutor Kym Worthy announced Wednesday.
Smith was 18 when he was sentenced in November 1994 to life in prison without the possibility of parole for first-degree murder and felony firearm convictions.
His hearing is set for 11 a.m. before Judge Shannon Walker. Smith’s conviction is being overturned as a result of an investigation by the Wayne County Prosecutor Office’s Conviction Integrity Unit, headed by director Valerie Newman.