Name: 資產沒收和破產案件協調 (Asset Forfeiture and Bankruptcy Case Coordination)
Uploaded: 2021-01-14T05:28:52.000Z
Duration: 1 h 20 min 4 s
Description: 【看影片學英語】數萬部 YouTube 影片，搭配英漢字典即點即查，輕鬆掌握單字發音與用法，長久累積看電影不必再看字幕。

WELCOME TO OUR PROGRAM ABOUT COOPERATION AND COORDINATION

WHO FIND THEMSELVES WITH SIMULTANEOUS CASES

INVOLVING ASSET FORFEITURE AND BANKRUPTCY.

OFTEN SUCH CASES ARISE FROM CRIMINAL PROSECUTION

OF A PONZI SCHEME AND THE BANKRUPTCY FILING

NOT ALL OF THESE CASES INVOLVE PONZI SCHEMES,

BUT THE COMMON ASPECT IS ASSET FORFEITURE

TO DISCUSS THIS WITH ME ARE SEVERAL INDIVIDUALS

WHO HAVE EXPERIENCE IN SOME OF THE MOST INFAMOUS CASES,

WHO WILL HELP US GAIN INSIGHT AND CONFIDENCE

IN DEALING WITH SUCH CASES, LARGE AND SMALL.

FOR THE SECURITIES INVESTOR PROTECTION CORPORATION,

INVOLVING THE BERNARD MADOFF PONZI SCHEME;

WHO IS THE CHIEF OF ASSET FORFEITURE UNIT--

MR. PICARD, LET ME ASK YOU ABOUT THE PLAYERS

- THE PLAYERS ARE-- IF IT'S A BANKRUPTCY CASE,

WHO PROBABLY WOULD BE CALLED UPON TO APPOINT A TRUSTEE,

OFTEN FROM A PANEL IF IT'S A CHAPTER 7 CASE.

BUT OTHERWISE, IN A CHAPTER 11, WOULD APPOINT A TRUSTEE.

A STATE COURT OR A FEDERAL COURT RECEIVERSHIP,

WHERE THE JUDGE WOULD BE APPOINTING A RECEIVER.

THAT WOULD BE A FEDERAL OR A STATE COURT JUDGE.

OR YOU WOULD HAVE, AS IN MY CASE, A LIQUIDATION

OF THE SECURITIES INVESTOR PROTECTION ACT,

WHERE THE SECURITIES INVESTOR PROTECTION CORPORATION

RECOMMENDS TO THE JUDGE WHO SHOULD BE THE TRUSTEE,

WHICH COULD BE AN INDIVIDUAL OR A CORPORATION

YOU HAVE...OF COURSE, THERE ARE EMPLOYEES,

AND IF IT'S A BUSINESS AND A LOT OF VENDORS,

WHETHER IT'S THE DISTRICT JUDGE OR A BANKRUPTCY JUDGE.

- WELL, ASSET FORFEITURE IS A LEGAL PROCEDURE

WHERE THE GOVERNMENT REMOVES THE PROCEEDS OF CRIME

OR PROPERTY USED IN FURTHERANCE OF CRIME,

AND IT'S A MANDATORY PART OF MOST CRIMINAL CASES,

AND IT'S FORFEITURES ORDERED AT SENTENCING.

THE GOVERNMENT HAS THE ABILITY TO BRING IN...

BRING IN REM CIVIL ACTIONS AGAINST CRIME PROCEEDS

BY THEMSELVES OR IN COORDINATION WITH CRIMINAL PROSECUTIONS.

AND ONE OF THE MOST IMPORTANT PURPOSES OF ASSET FORFEITURE

SO THAT THEY CAN BE USED FOR VICTIM COMPENSATION.

- I WAS INVOLVED IN THE THOMAS PETTERS CASE.

BUT A VERY WELL KNOWN PERSON IN MINNESOTA,

AN ENTREPRENEUR WHO HAD STARTED SELLING ELECTRONICS

AND HAD ALLEGEDLY BUILT AN INCREDIBLE EMPIRE

OF A NUMBER OF PETTERS-RELATED BUSINESSES,

ULTIMATELY INCLUDING POLAROID CORPORATION

SO HE HAD BEEN SEEN AS A VERY, VERY SUCCESSFUL

- AND JUDGE GLENN, WHAT CASE WERE YOU INVOLVED IN?

- I WAS INVOLVED IN THE BANKRUPTCY OF DREIER LLP,

AND THE INDIVIDUAL CHAPTER 7 BANKRUPTCY OF MARC DREIER

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資產沒收和破產案件協調 (Asset Forfeiture and Bankruptcy Case Coordination)

issue

judge

property

involve