Judge Wright is the judge in SCM's Forefeiture case
I'm sure he'll be sympatetic to MMRF after he personally ruled that MMRF's patent infringement case against Allscripts was frivoluous.
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Prosecutors have declined to comment on the ongoing criminal investigation and the asset seizure. Prosecutor Welk defended the seizure at an April 13 hearing before U.S. District Judge Otis D. Wright II in Los Angeles.
"It's a big criminal investigation and there were a lot of seizures of data and evidence, in addition to the money here, and that investigation is ongoing," he said.
Judge Wright dismissed a motion seeking the return of the seized money filed on behalf of Cindy Omidi — whose sons operated the 1-800-GET-THIN business — and several irrevocable trusts.
The seizure of cash and securities was made last June under two federal warrants from accounts at Deutsche Bank Securities Inc. and Bank of America, according to search warrant filings and a motion by federal prosecutors. The seized property was trusts and accounts affiliated with Michael, Julian and Cindy Omidi. Authorities seized $92 million from 12 Deutsche Bank accounts June 4 and $17 million from two Bank of America accounts June 24, according to a motion filed by Assistant U.S. Atty. Steven Welk, who oversees the asset forfeiture division of the U.S. attorney's office in Los Angeles.
"That's a tremendous amount of money; it's got to be one of the largest seizures in the country in the last year, if not the last couple years," said Michael S. Weinstein, a former federal prosecutor who now practices white-collar defense with the law firm Cole Schotz in New Jersey.
cComments
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,
