BakerHostetler can’t represent defendants accused of laundering the proceeds of a massive fraud scheme where the defense strategy turns on proving that a former BakerHostetler client perpetrated the fraud, the U.S. Court of Appeals for the Second Circuit held Oct. 17 (United States v. Prevezon Holdings, Ltd., 2016 BL 344867, 2d Cir., No. 16-132-cv, 10/17/16).
The court disqualified BakerHostetler and partner John W. Moscow as defense counsel for Prevezon Holdings Ltd. and related entities that allegedly bought real estate holdings in Manhattan using proceeds from a complex scheme that defrauded the Russian treasury of $230 million.
The ...
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