Ken Wiles said the amount of increased regulation the proposal outlines could significantly impact firms, with potentially minimal payoff.
DBJ: Concealment of Hedge Fund Manager Kyle Bass’ Bashing of UDF Grounds for New Trial, Defense Lawyers Say
Attorneys for UDF argue in new court filings that jurors should have been allowed to hear about a bitter rift pitting United Development Funding and CEO Hollis Greenlaw against Dallas hedge fund manager Kyle Bass.
CEO Hollis Greenlaw and his colleagues at the Grapevine REIT have demanded a new trial after their securities fraud convictions last month. They claim a “mosaic of cumulative error” caused them to be wrongfully convicted of duping investors and banks in a scheme involving loans to developers of hundreds of residential communities across Texas.
The proposal would turn compliance for firms on its head in the name of protecting investors and companies that take private capital.
Roughly 30,000 victims nationwide lost money or were misled by the North Texas REIT and the firm’s executives, who were convicted last month of misusing proceeds from investors and financial institutions in a Ponzi-like scheme involving loans to residential housing developers across Texas, prosecutors said.
A federal indictment in Fort Worth charges 10 people with conspiracy to commit healthcare fraud. Investigators say the labs bribed doctors to order needless tests, which were billed to Medicare and other federal health-insurance programs.
The three-person team includes Jeff Ansley and Arianna Goodman. The former Bell Nunnally attorneys were recently involved in the high-profile UDF trial.
The Texas deep freeze last year dramatically and graphically illustrates the consequences of the government’s failure to address the state’s energy needs. But the same is happening in other states and across the globe. The much-needed changes resulting from this past winter won’t even be implemented in time for this current winter and, once again, Texans are at the mercy of Mother Nature. This article examines factors that contributed to the Texas electrical grid failure in February 2021 and recommends ways to prepare infrastructure for extreme weather in the era of climate change.
Federal prosecutors in Houston and the Commodity Futures Trading Commission have charged former Pacific Summit Energy President Matthew Clark with operating an illegal scheme involving insider trading of natural gas futures and financial kickbacks. A federal grand jury Thursday indicted Clark on multiple counts of wire fraud, insider trading and making illegal commodities transactions. If convicted, he faces 130 years in federal prison.
In sentencing 69-year-old Rudy Avila, Chief U.S. District Judge Barbara M.G. Lynn read the names of his 417 victims and the amount each lost to him.