Representative of earlier English law, it was considered that any transfer of property from a debtor to a creditor, after which the debtor remained in possession of that property, was a fraudulent act intended to defraud creditors.
32.
Theoretically, she noted, clients can claim under the Compensation Fund so long as there exists any of these three elements ( under Section 72 of the Securities Industry Act 1983 )-defalcation, fraudulent act or insolvency of stockbroking companies.
33.
The messages, posted last October by someone claiming to be a lawyer, said Stratton and Porush had committed criminal and fraudulent acts in connection with the initial public offering of the stock of Solomon-Page Ltd . during that month.
34.
Internal auditing may also involve conducting proactive fraud audits to identify potentially fraudulent acts; participating in fraud investigations under the direction of fraud investigation professionals, and conducting post investigation fraud audits to identify control breakdowns and establish financial loss.
35.
At Weiss'sentencing on the National Heritage charges on Feb . 15, Judge Patricia C . Fawsett of Federal District Court in Orlando said that given the magnitude and repeated nature of the fraudulent acts, he should be removed permanently from society.
36.
The 33-year-old Spano made false statements to support his loan application; committed fraudulent acts to close the related deal to buy the team's cable-television rights; and spent several hundred thousand dollars of the team's money after fraudulently assuming ownership, Newsday said.
37.
Before you get too comfortable, consider that the very next sentence explains that the extracts have " no legal enforceability and it is possible that a subsequent illegal amendment or other fraudulent act may deprive the Fund of its ownership rights ."
38.
The government's apparent backpedaling on the fraud allegation goes back to early December on page 45 of a 66-page pleading, where the government says a defendant's motivation to gain personally is unquestionably of value in proving intent to commit a fraudulent act.
39.
However, Zedillo said, it is " outrageous that a substantial part of the breakdown of the banking system is the result, in some cases of negligence, and in others of fraudulent acts on the part of certain bank administrators, executives and stockholders ."
40.
On Wednesday, several of Courtney's friends and relatives sat in the first row of a federal courtroom, lending support to someone accused of fraudulent acts that, if true, would have helped Courtney sustain a comfortable lifestyle by skimping on crucial drugs prescribed to cancer patients.
