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Article Archives >> Lead
Stories >> March
1-15, 2006
Assets of Nonprofit Not Subject
To Forfeiture for Crimes of Board Chair
Government claimed Chair gained control over corporation
by false proxies to eliminate members’ rights
The assets of a nonprofit corporation would not be subject to criminal
forfeiture if the Chair of the Board were to be convicted of mail
fraud, the Ninth Circuit Court of Appeals has ruled. It has vacated
an injunction that a trial court had imposed, freezing the assets
and imposing a receivership on a nonprofit that the defendant allegedly
controlled.
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Article Archives >> Lead
Stories >> March
1-15, 2006 |
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