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U.S. Judge Approves $110 Million Forfeiture in Italian Bribery, Laundering Case
By Brian Monroe
printA federal judge in Miami, Florida, approved the forfeiture of $110 million in U.S. banks that prosecutors say was the proceeds of a 20-year-old public corruption case involving the bribery of Italian judges. After notifying all potential claimants, U.S. District Judge Adalberto Jordan on November 21 approved the forfeiture of the funds to the U.S. Justice Department, which was seeking them on behalf of the Italian government. The funds were held in accounts at 17 financial institutions, including several U.S. companies, such as Atlas One Financial Group, Citibank, Merrill Lynch, Morgan Stanley Dean Witter, Wachovia Securities, Lazard Asset Management, UBS...
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