Securities Fraudster’s Rehearing Bid Denied In Appeal Over Contempt Order

Mealey's (March 30, 2023, 1:00 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals issued an order stating that it will not rehear a panel’s ruling that a man was provided with “notice and opportunity to be heard” before a federal district court imposed a contempt order against him in connection with his conviction for his role in a securities fraud scheme because no active Second Circuit judge has requested that the man’s petition for rehearing or rehearing en banc be considered....