Credit: Tracy King/Adobe Stock Witness in Corruption Trials Should Be Fully Liable for $12 Million Restitution, Corrections Union Says
Jona Rechnitz was initially ordered to pay nearly $12 million restitution in 2019. In the five years since, he has only paid $315,000, according to court papers.
September 03, 2024 at 04:39 PM
4 minute read
A star cooperating witness in a series of high-profile New York public corruption trials should be on the hook for more than $11.6 million in restitution, federal prosecutors and a victim entity urged the judge in charge of re-sentencing.
Jona Rechnitz was initially sentenced by U.S. District Court Judge Alvin Hellerstein of the Southern District of New York. Rechnitz pleaded guilty in 2016 to bribing former corrections union leader Norman Seabrook to invest union funds in the hedge fund Platinum Partners, which later collapsed.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Disbarred NY Atty Receives 54-Month Prison Sentence After $3M Embezzlement
3 minute read
Charlie Javice Jury Will Not See Her Texts About Elizabeth Holmes
'You Became a Corrupt Politician': Judge Gives Prison Time to Former Sen. Robert Menendez for Corruption Conviction
5 minute readLaw Firms Mentioned
Trending Stories
- 1There's a New Chief Judge in Town: Meet the Top Miami Jurist
- 2RIP DOJ FCPA Corporate Prosecutions
- 3Federal Trade Commission’s Updates to the Health Breach Notification Rule Now In Effect
- 4I’m A Lawyer, What Can I Sell?
- 5Internal GC Hires Rebounded in '24, but Companies Still Drawn to Outside Candidates
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
